December 2021 Newsletter

December 5, 2021 | appeal to tax court, Arizona court of appeals property tax, asset management, commercial property tax reduction, commercial property taxes, corporate property tax savings, Cost Containment, cost containment definition, Department of Revenue, forfeit right to appeal, how to apply for property tax reduction, Increase Assets, meaning of cost containment, methods of cost containment, Newsletter, power and energy property tax services, power plant property tax, power plant taxes, Property Tax Code, property tax reduction, property tax reduction consultants

• TEXAS – Court of Appeals holds that tax exemption for installation of solar device applies only to increase in property value due to solar panel installation, not the solar panels or equipment
• MINNESOTA – Tax Court holds that pipeline valuations in Minnesota need not contain analysis and determination of a pipeline’s highest and best use
• FLORIDA – Court of Appeal holds land leased from federal government but not occupied by or used by United States is not exempt from property taxation
• MAINE - Supreme Judicial Court holds that highest and best use determination is a question of fact, not a matter of law, in upholding assessment of paper mill functioning on valuation date but closed soon afterward
• NORTH CAROLINA – Court of Appeals holds partially constructed solar energy equipment was used “directly and exclusively for the conversion of solar energy to electricity,” and, though under construction, entitled to statutory exemption
• ARIZONA – Court of Appeals holds that taxpayer failing to submit a timely personal property tax return forfeits its right to appeal the valuation, and it may not obtain the same relief through a claim for special action or declaratory relief