Tax Analysts provides news, analysis, and commentary on tax-related topics, including the latest developments affecting treatment of real estate taxation.
Real estate taxation is a broad category. Included is property taxation at the state and local levels, credits and tax preference items and incentives for home ownership, as well as complex investment strategies in REITs and REMICs.
Property taxation in the United States generally occurs at the local level and refers to taxes that are assessed on real estate by local governments and that are based on property values. Consequently, appraisals and valuations are of great importance to both the governments assessing the taxes and the property owners.
Rules, rates, and procedures change across jurisdictions. States do, however, enact legislation to ensure some uniformity, at least within the state. Tax Notes Today State has covered property tax law changes in Texas, Vermont, Washington, and Nevada.
Tax Analysts’ recent coverage of federal real estate issues includes guidance from the IRS Rev. Proc. 2015-31 that is necessary for purchases of qualified mortgage bonds, technical advice from the IRS concluding that a sponsoring subsidiary could take a capital loss on the sale of a real estate mortgage investment conduit regular interest and an ordinary loss on the retained residual interest of a REMIC, Jasper Cummings’ discussion "Reexamining Capital Gains for Real Estate," and an analysis of new information reporting rules under section 6045B that require issuers to disclose debt modifications and other debt transactions on Form 8937.
Tax Analysts consistently and promptly publishes all relevant developments regarding real estate taxation.