Tax & Accounting Blog

Extension on Time to Petition Assessor for a Review In West Virginia

Extension on Time to Petition Assessor for a Review In West Virginia

Effective 7/29/2013, taxpayers now have eight business days instead of five business days to petition an assessor for review of valuation, once they have been notified of an increased assessment, either by personal receipt or by publication.  This extension of time applies to both real and business personal property. The definition of a “business day” … Read More

Tennessee — Amendments Regarding the Valuation of Green Energy Source Property

Tennessee — Amendments Regarding the Valuation of Green Energy Source Property

Changes have been made to legislation regarding green energy source property valuation, effective 4/29/13:   The maximum wind source property value cannot initially exceed one-third of total assessed costs. The maximum solar source property value cannot initially exceed 12.5% of total installed costs. Other green source property’s maximum value cannot initially exceed its appropriate capacity … Read More

Property Tax Administration Guide Published In Texas

Property Tax Administration Guide Published In Texas

The Texas Comptroller of Public Accounts has published a property tax administration guide that provides information relating to the Property Tax Assistance Division. In addition to providing a basic overview of the Division, the guide includes information about the local appraisal system, property value study, the methods and assistance program, and other programs in the … Read More