Why Is Rent So High For Warehouses?

Warehouse space is dwindling in the US due to a rise in online spending, an import surge, and growth in safety stock. Rent prices have increased as a result of new business competition for these properties. Experts believe that the rental rates will continue to grow, as it has in the past. This is likely to […]
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Upland California Property Tax Needs Clarification – Supreme Court

Measure A and Measure F were on the ballot on June 7th, signaling a potential for tax hikes in Upland California. Though neither of them passed, other measures like them may be coming soon. Ensuring that special-purpose tax hikes have community support while trying to secure majority voting requirements has proven difficult among Upland California […]
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Orange County Support a California Budget of $8.8 Billion

With national financial woes caused by record inflation and the heightened demand for government services amidst the Covid-19 Pandemic, state officials are scrambling for resolutions. Orange County, California budget is set to approve as $8.8 billion for 2022-23; an increase of $1.1 billion from the 2021-22 budget. Expanded revenue from the American Rescue Plan Act of […]
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Possible Property Tax Changes for 2022

The three largest states in the Union have initiatives that could affect their residents’ property tax bills for 2022: 1. New York has plans to give homeowners with incomes up to $250,000 a Property Tax Relief credit on their income tax returns. That would be allowed “if their total property tax exceeds a fixed percentage of their […]
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San Francisco Confronts Tax Valuations that Reflect Population Changes

San Francisco is struggling to deal with the ongoing repercussions of the pandemic, like most communities across the world. Most recently, numerous commercial property owners in the city are clamoring for downward tax adjustments. While such requests are common each year, there is concern that the 2021 requests are part of a troubling shift caused […]
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California Tax Statement Deadlines Approaching

Each year, California residents will receive a property tax statement from the County Treasurer. Those statements include two stubs: Installment 1 is due on November 1 and becomes delinquent on December 10. Installment 2 is due on February 1 and becomes delinquent on April 10.   Bear in mind, if a delinquency date falls on […]
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CA Tax Break for Solar Energy Projects in Partnership Flips

Solar energy has been a significant area of focus during the past few years, particularly with increasing concerns related to climate change. As a result, some governments have passed new regulations to incentivize people to take advantage of solar energy, including property tax issues. Recently, Gavin Newsom, the California Governor, signed Bill 267 (from the Senate) into law. The new law keeps […]
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A Rise in Riverside County’s Property Values

The Valuation of Property in the County Increases for the Ninth Consecutive Year Property values in Riverside County have increased for the ninth consecutive year. The last time property values fell was during the Great Recession, which took place during the late 2000s and early 2010s. Just before the economic downturn in 2008, property values hovered around $240 billion. They eventually bottomed out at $204 billion before […]
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