Articles Posted in Property Tax

Posted

The Arizona Court of Appeals held that an investment tax credit (ITC)

download

deferred as a tax asset has “value” and therefore is properly excluded from the taxable original cost of renewable energy equipment for Arizona property tax purposes.  In so holding, the court rejected the argument that an ITC has no monetary worth until its owner derives an actual economic benefit from the ITC, i.e., by using it to reduce a federal income tax liability.

Continue Reading ›

Posted

https://seesalt.pillsburylaw.com/files/2020/05/250px-Seal_of_California.svg_.png

For years, some California counties have been imposing disproportionately higher property tax rates on centrally assessed property despite the state constitutional mandate that this property be assessed like locally assessed property.

In a challenge brought by centrally assessed utilities, the California Court of Appeal conceded that the higher property tax rates disproportionally burden utility company property but concluded that this disparity does not violate the California Constitution.

Click here to read the full article.