Commercial Property News Archive for 27-Nov-2006

Dubai billions fuel demand for commercial vehicles (AME Info)

Dubai is spending close to 1,000 billion dirhams to transform itself into a global powerhouse, with more than 25 billion earmarked for improving the city's road, traffic, and transport services.

Future of terrorism insurance is at risk (The Columbus Dispatch)

Insurers say they will face a new peril in 2007. The Terrorism Risk Insurance Act, which provides a federal backstop to private insuranceindustry losses resulting from a terrorist attack, is set to expire at the end of next year.

New tax rates (Boston Globe)

The City Council approved the new residential and commercial tax rates Monday night, which will be reflected in the Jan. 1 tax bills. The residential tax rate will be $9.32 per $1,000 valuation. Currently, the residential rate is $9.62 per $1,000 valuation. The commercial rate will go from $19.98 to $19.50 per $1,000 valuation. -- Katheleen Conti

Property Taxes in the Region: Who Pays More, Who Pays Less (New York Times)

Property taxes on single-family homes vary widely across the region. The highest tax rates are in middle- and upper-middle-class communities, and in poor cities and school districts. Lowest rates are in wealthy areas, and those with more commercial property.

Tax hike can be 'shock' (The Taunton Gazette)

TAUNTON - After two consecutive years of declining tax rates, the levy is increasing for residential and commercial property owners.

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