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New York State's legislature is set to approve a groundbreaking annual tax on second homes in New York City valued over $5 million, marking a significant shift in how jurisdictions target wealth tied to real property. The pied-à-terre tax, expected to generate approximately $500 million annually starting July 1, 2026, will affect an estimated 10,000 properties owned by nonresidents who maintain luxury residences in the city.

If you are thinking about selling your business, there are a number of steps that you can take now, prior to negotiating with a buyer, that will make the sale process easier and may even make your business more marketable.

The public is now painfully aware that Louisville Metro faces a substantial budget deficit.

On August 26, 2024, the California Board of Equalization ("BOE") issued guidance to County Assessors regarding the sunset date of the active solar energy exclusion from California property taxes.

The "American Taxpayer Relief Act of 2012", addresses various expiring estate, gift and generation-skipping transfer tax provisions as well as extends or reinstates certain provisions affecting contributions by individuals to charity.

A chapter 11 debtor sought to recover real estate that was transferred prepetition to the county following the debtor’s default in a property tax foreclosure proceeding.

A chapter 7 trustee sought to avoid a property tax foreclosure as a fraudulent transfer and then to recover damages from the foreclosing county.

In 2014, Elon Musk announced that he was "open-sourcing" Tesla's patents.

Spurred by strong community support for permanent affordability, interest in community land trusts ("CLTs") has been growing at a rapid pace.

On June 16, 2025, the Florida House and Senate approved HB 7031, which amends and refines various property tax exemptions originally passed under the Live Local Act...

The Treasury Department and the IRS recently issued Revenue Procedure 2019-38, providing a safe harbor under which certain rental estate activities will be treated as a trade or business solely

This article is produced by Withers real estate planning think tank, a group focused on innovative thinking and practical applications for our clients investing in US real estate.

Last month Los Angeles voters approved Measure ULA, imposing a new tax on all real property sales or transfers over $5 million.

On July 18, 2023, Governor Whitmer signed into law Public Act 90 of 2023, an amendment to the Brownfield Redevelopment Financing...

New York State imposes a transfer tax on conveyances for both commercial and residential real property located within the state.

Trial court properly authorized tax collector to issue tax certificates subject to community development district's assessment liens.

California's Proposition 13 prevents the assessed value of California real property from increasing by more than 2% per year, unless there is a change of ownership or completion of new construction.