Economic Growth Flattening Points to Decline in Demand (and Maybe Value) for U.S. Office Space June 21, 2016 Justin M. Hardy North Carolina Property Tax Law Monitor According to Drs. Hany Guirguis and Joshua Harris and as reported by the National Association for Industrial and Office Parks (NAIOP), the national office market is forecast to absorb about 44% fewer sqaure feet in 2016 than 2015.
Winston-Salem/Forsyth County Shopping Center Metrics: April, 2016 May 23, 2016 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor Several times in the past we have posted about the reports issued by Michael Clapp & Associates on Winston Salem/Forsyth County metrics regarding commercial and multi-family residential properties. This information can often be useful in evaluating the assessed value of such properties in the local market. Clapp's most recent report about shopping center metrics can be seen here.
The Three Valuation Methods Recognized in North Carolina March 2, 2016 Justin M. Hardy North Carolina Property Tax Law Monitor In North Carolina, the amount of tax on taxable property is computed by applying the applicable tax rate to the fair market value of the property. This post details the valuation methods recongized by North Carolina courts to determine fair market value.
Winston-Salem/Forsyth County Property Metrics: January, 2016 and 3rd Quarter, 2015 January 22, 2016 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor Michael Clapp & Associates, Inc. periodically publishes information regarding property values, along with related metrics, for various types of properties in the Winston-Salem/Forsyth County area.
Winston-Salem/Forsyth County Property Metrics: 2rd Quarter, 2015 December 18, 2015 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor We have previously mentioned that Michael Clapp & Associates publishes information about various property types in the Winston Salem and Forsyth County markets. This information, which includes rental rates and vacancy rates, can be helpful in attempting to determine the value of these property types using the income capitalizaiton approach. The most recent of these reports are below:
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