Tax & Accounting Blog

Property Tax Changes in Oregon and Montana

Property Tax Changes in Oregon and Montana

Oregon — Exemptions Repealed and Revised A new bill passed in Oregon does the following: Repeals a few rarely-used property tax exemptions, beginning on or after July 1, 2017. Creates regular deadlines for property tax exemption program applications Eradicates the application requirement for property owned by the state or federal government, Indians, or Indian tribe … Read More

Legislative Rule Amended for the Valuation of Commercial and Industrial Property in West Virginia

Legislative Rule Amended for the Valuation of Commercial and Industrial Property in West Virginia

Legislative Rule 110-01P (110-CSR-1P) has been amended, in part, to stipulate that when valuing commercial and industrial furniture & fixtures, machinery & equipment and leasehold improvement, the cost approach may be used due to the availability of data.  Also, when developing depreciation tables, the Marshall Valuation Service will be used.  (Source: L. 2013, Rule 110-01P … Read More

Town of Brattleboro to Establish Office of Assessments

Town of Brattleboro to Establish Office of Assessments

Vermont Legislation (L. 2013, H537, effective 05/24/2013) has allowed an Office of Assessment to be established and to have a Town Assessor appointed in the Town of Brattleboro. The Town Assessor will have the authority and be responsible to fulfill all duties assigned to the Listers under state law, including appraisal of all real and business property, … Read More

Minnesota Income Tax Rate Change Retroactive to January 1

Minnesota Income Tax Rate Change Retroactive to January 1

Minnesota Governor Dayton signed the new omnibus budget bill HF 677 on May 23, enacting a compromise on income tax rates worked out in conference between the state House and Senate which had passed different versions of the bill. The newly approved income tax rate structure is retroactive to January 1, 2013, and changes affect … Read More