Panel sides against Lowe’s in Bexar County ‘dark store’ property value dispute – Joshua Fetter – San Antonio Express News

A Bexar County arbitration panel rejected arguments by Lowe’s Home Centers to value some of its San Antonio area stores as if they were empty instead of functioning businesses, according to a seven-page decision issued Wednesday.

It’s an argument the North Carolina-based company has successfully used in Michigan and Indiana where major retailers have driven down property values and tax revenue. City officials say a victory for Lowe’s could cost area taxpayers more than $272 million over five years if the home improvement retailer wins.

Read More…http://www.expressnews.com/business/local/article/Panel-sides-against-Lowe-s-in-Bexar-County-10854394.php

Property taxes jump, and jaws drop – Dennis Rodkin – Chicago Real Estate Daily

The property tax bill on Jeff and Roberta Price’s Lincoln Park home was about $400 in 1977, the first year they lived there. It’s been going up ever since, but rarely with the jolt of this year’s 63 percent increase.

The increase, from $8,652 to $14,104, has the couple reconsidering their plan to retire in the Kenmore Avenue home where they raised their kids. They’re looking at homes in Indiana “as a backup plan” for the time when Roberta retires in a few years, said Jeff Price, who is already retired.

Read More…http://www.chicagobusiness.com/realestate/20160728/CRED0701/160729844/property-taxes-jump-and-jaws-drop

Judge allows Peabody Energy to pay property taxes – AP – Michigan City News Dispatch –

CHEYENNE, Wyo. (AP) — A judge on Wednesday agreed to let Peabody Energy go ahead and pay nearly $30 million in property taxes in four states while the coal company goes through bankruptcy reorganization.

The decision in federal court in St. Louis should help end uncertainty for communities in Colorado, New Mexico, Wyoming and Indiana.

Read More…http://www.thenewsdispatch.com/news/indiana_state_news/article_01877bb2-9559-5f9d-848d-7fb9aa6a3fc2.html

Illinois’ property taxes highest in nation, study finds – Chicago Tribune – Becky Yerak

Just when you were breathing a sigh of relief at the close of another tax season, a new study comes out showing the hit that Illinoisans take on property taxes compared with residents in other states.

Illinois has the highest median property tax rate in the nation, with various agencies and entities taking a combined 2.67 percent bite, according to a CoreLogic analysis of real estate property taxes nationwide.

Read More…http://www.chicagotribune.com/business/ct-illinois-property-tax-rate-0428-biz-20160427-story.html

Man Visits 15 Banks Collecting Pennies To Pay Property Taxes And Still Falls Short – Forbes – Kelly Phillips Erb

Calling property taxes “unethical, unchristian-like and above all, it is thievery,” tax protester Steven Piotrowski finally paid off his 2013 Montgomery County property taxes this week, preventing a sheriff’s sale at the last minute. He would not, however, go quietly. He initially decided to make a statement by paying off his bill with 83,160 pennies.

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