United States: Property Taxes

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Tax law and international tax law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital gains tax, corporate tax, income tax, inheritance tax, national insurance, property taxes, sales taxes, VAT, GST, tax authorities, transfer pricing and withholding tax.
Article
New York Court Strikes Down Pied-À-Terre Tax Rollout, While Constitutional Challenges Mount
A New York Supreme Court Justice has struck down the rollout of the pied-à-terre tax, ruling the Department of Finance's implementation plan arbitrary and capricious. The decision comes as two new constitutional challenges are filed against the tax, with prominent figures including former Commerce Secretary Wilbur Ross arguing it unconstitutionally targets nonresidents of New York City.
United States Tax
HL
Hogan Lovells Cadwalader
Article
Cleared For Takeoff? Understanding California's Aircraft Personal Property Tax
California law treats aircraft as taxable tangible personal property subject to annual appraisal and local property taxation. With counties like Los Angeles increasing enforcement efforts, aircraft owners face significant compliance obligations, potential penalties, and a complex valuation process. Understanding the state's filing requirements, exemptions, and critical deadlines is essential for anyone who owns or operates aircraft regularly based in California.
United States Tax
HK
Holland & Knight
Article
Florida Homestead Exemption Proposal Could Reshape Single-Family Development
Florida's proposed constitutional amendment to expand homestead exemptions could fundamentally reshape the state's residential real estate market by altering buyer incentives and development economics. The measure, set for a November 2026 ballot, may eliminate non-school property taxes for up to 90 percent of primary households, creating ripple effects across land values, municipal revenues, and construction feasibility that extend far beyond simple tax relief.
United States Real Estate
HK
Holland & Knight
Article
The New Pied-à-Terre Tax In New York City: What Domestic And Foreign Owners Need To Know
New York City has implemented a significant annual surcharge on high-value residential properties that don't serve as primary residences, affecting second-home owners, foreign investors, and luxury property holders. The tax, which took effect July 1, 2026, applies graduated rates based on property valuations and is expected to generate approximately $500 million annually. Property owners face tight deadlines to claim exemptions and must navigate complex documentation requirements to prove primary residence
United States Tax
LB
Lewis Brisbois Bisgaard & Smith LLP
Article
Florida’s Revised Property Tax Amendment Ballot Language
This amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027, and $250,000 in 2028, and adjusts for inflation thereafter. It requires the legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and allows special districts, subject to referendum approval, to do the same.
United States Tax
JW
Jones Walker
Article
Pung v. Isabella County Clarifies The Post-Tyler Tax Foreclosure Landscape
The U.S. Supreme Court's decision in Pung v. Isabella County addresses whether former property owners are entitled to fair market value or only surplus proceeds when their property is sold at a tax foreclosure auction. This ruling clarifies the constitutional measure of compensation following tax sales and has significant implications for counties, municipalities, tax-lien investors, and delinquent taxpayers navigating the balance between tax collection and property rights.
United States Tax
HK
Holland & Knight
Article
NYC DOF Finalizes Rules And Sends Notices Implementing The New Pied-à-Terre Tax
New York City's Pied-à-Terre Tax imposes substantial annual surcharges on high-value residential properties that don't serve as primary residences, with rates ranging from 0.8% to 6.5% of assessed value depending on property type and valuation. The Department of Finance has issued implementation guidance and mailed notices to affected property owners, who must now navigate complex exemption requirements and documentation standards by the September 18, 2026 deadline. Critical questions remain unresolved
United States Tax
GT
Greenberg Traurig, LLP
Article
The Pied-à-Terre Tax: New York City’s Newly Enacted Tax On High-Value Non-Primary Residences
New York has enacted an annual "pied-à-terre tax" on high-value New York City non-primary residences, effective July 2026, that could impose significant tax burdens on owners of luxury second homes. The tax applies to properties valued above certain thresholds, with rates varying by property type and value, and extends to properties held through trusts, LLCs, and other business entities. Property owners must understand exemption criteria and prepare documentation to challenge assessments before the Dep
United States Tax
DL
Davis+Gilbert LLP
Podcast
GeTtin’ SALTy Episode 80 | The Real Cost Of Eliminating Property Taxes (Podcast)
Jared Walczak of the Tax Foundation joins the GeTtin' SALTy podcast to examine the growing movement to eliminate real property taxes in the United States, using Ohio as a detailed case study. The discussion explores the fiscal challenges of replacing property tax revenue, the impact on local government accountability, and alternative policy solutions like levy limits and circuit breaker programs that address taxpayer concerns without dismantling the property tax system.
United States Tax
GT
Greenberg Traurig, LLP
Article
The Pied-à-Terre Tax: New Rules, Exemptions, Appeal Deadlines And Penalties
New York's groundbreaking pied-à-terre tax takes effect July 1, 2026, imposing substantial surcharges on non-resident luxury second homes valued over $5 million. With a complex two-phase implementation, aggressive compliance deadlines, and penalties up to 50% for documentation errors, property owners face critical decisions about exemption eligibility and appeal strategies. Understanding the valuation methodologies, primary residence requirements, and procedural pathways is essential for high-net-worth
United States Tax
CS
Cole Schotz P.C.
Article
Breaking Down New Jersey’s “Mansion” Tax: What Buyers And Sellers Need To Know
Recent legislative changes have fundamentally altered New Jersey's Mansion Tax, shifting payment responsibility from buyers to sellers and introducing a graduated fee structure for high-value real estate transactions. Understanding these changes is critical for anyone involved in property sales exceeding $1 million, as the tax can represent a substantial closing cost that affects deal economics and negotiation strategies.
United States Tax
SH
Scarinci Hollenbeck LLC
Article
Supreme Court Holds That Delinquent Taxpayers Are Not Entitled To Recover Their Property’s Fair Market Value
The Supreme Court unanimously ruled on whether a Michigan county violated constitutional protections when it sold a foreclosed property at public auction for significantly less than its assessed value to satisfy a tax debt. The case examines the meaning of "just compensation" under the Fifth Amendment's Takings Clause and whether keeping proceeds beyond taxes owed constitutes an excessive fine under the Eighth Amendment.
United States Government
MB
Mayer Brown
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