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This report is a comprehensive collection of tax event dates by state. Many rules and dates set forth are subject to change and interpretation. We recommend contacting a Ryan Property Tax professional before making a property tax compliance decision.
Alabama has several property tax exemptions available for businesses. The homestead exemption applies to primary residences and can save homeowners up to $4,000 in property taxes. Businesses located in certain economically distressed areas may also be eligible for the Enterprise Zone Program, which offers a five-year exemption from property taxes. In addition, businesses engaged in research and development activities may qualify for tax credits.
Businesses in Arkansas may qualify for various property tax exemptions and incentives. The state's Economic Development Act provides a variety of incentives, such as tax credits and grants, to businesses that are creating jobs or stimulating economic development. Businesses located in distressed areas may also be eligible for the Enterprise Zone Program, which offers a five-year exemption from property taxes. Additionally, businesses engaged in research and development activities may qualify for special tax credits.
California offers several programs to help businesses save money on their property taxes. The state's Industrial Development Financing program provides low-interest loans to businesses that are creating jobs or promoting economic development, and the California Competes Tax Credit Program provides tax credits to certain businesses. Businesses located in rural areas may qualify for the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) program, which provides up to 80% property tax exemptions. Additionally, businesses involved in research and development activities may be eligible for the Research and Development Tax Credit Program.
Florida offers early payment discounts based on the timing of payment. These discounts encourage prompt payment of bills, with a 4% discount available for payments made in November, a 3% discount for December payments, a 2% discount for January payments, and a 1% discount for payments made in February. These incentives provide an economic benefit to individuals and businesses for settling their dues promptly, contributing to better financial management and savings.
Businesses located in Georgia may be eligible for several types of property tax exemptions. The state offers an Enterprise Zone Program, which can provide businesses with up to 90% of the applicable taxes. Additionally, businesses that are creating jobs may qualify for the Georgia Quality Jobs Program, which helps offset a portion of their property taxes. Businesses involved in economic development activities may also be eligible for the Georgia Jobs Tax Credit Program, which provides additional tax incentives and abatements.
Certain Louisiana parishes offer incentive/partnership programs to help businesses save money on property taxes. Businesses can apply programs such as the Restoration Tax Abatement program in certain development districts (typically we see these in Orleans Parish). Additionally, businesses that are creating new projects that promote economic development can consider Industrial Development Board programs in most major metros. These are self-supporting, nonprofit public corporations. The program allows for tax savings through tools like Payments in Lieu of Taxes (PILOTs) and tax-exempt bonds.
Local Boards and Open Book vary by jurisdiction and typically take place between April through the end of May. County Boards are held in June (dates and times vary by jurisdiction).
Minnesota Tax Court appeal deadlines are April 30 of the payable year. For example, the last day to file in tax court for the 2022 assessed value is April 30, 2023.
Businesses located in Minnesota may be eligible for several types of property tax exemptions. The state offers an Enterprise Zone Program, which can provide businesses with up to 90% of the applicable taxes. Additionally, businesses that are creating jobs may qualify for the Minnesota Job Creation Tax Credit Program, which helps offset a portion of their property taxes. Businesses involved in research and development activities may also be eligible for the Minnesota R&D Tax Credit Program, which provides additional tax incentives and abatements. All property owners receive a 5% discount if paid in full by February 15.
Businesses located in New Jersey may be eligible for several types of property tax exemptions. The state offers an Enterprise Zone Program, which can provide businesses with up to 90% of the applicable taxes. Additionally, businesses that are creating jobs may qualify for the New Jersey Job Creation Tax Credit Program, which helps offset a portion of their property taxes. Businesses involved in the manufacturing industry may also be eligible for the New Jersey Manufacturing Employment Program, which provides additional tax incentives and abatements.
Businesses in Oklahoma can access various property tax exemptions, such as the Enterprise Zone Program, which offers up to 90% tax relief. Those creating jobs may qualify for the Oklahoma Quality Jobs Program, which offsets property taxes. Research and development businesses may be eligible for the Oklahoma Investment/New Jobs Tax Credit Program, which encourages technology investment and tax credits. Additionally, energy-intensive companies can benefit from the Energy Cost Savings Benefit Program, which offers tax credits for energy-efficient upgrades.
Pennsylvania-based businesses have access to property tax exemptions, including the Keystone Opportunity Zone program that offers up to 100% tax relief for 15 years. Certain jurisdictions provide exemptions for new development through Local Economic Revitalization Tax Assistance (LERTA) programs. Research and development businesses can benefit from the Research and Development Tax Credit Program, while energy-intensive companies may qualify for the Energy Cost Savings Benefit Program, which offers tax credits for energy-efficient investments.
Pennsylvania-based businesses have access to property tax exemptions, including the Keystone Opportunity Zone program that offers up to 100% tax relief for 15 years. Certain jurisdictions provide exemptions for new development through Local Economic Revitalization Tax Assistance (LERTA) programs. Research and development businesses can benefit from the Research and Development Tax Credit Program, while energy-intensive companies may qualify for the Energy Cost Savings Benefit Program, which offers tax credits for energy-efficient investments.
Pennsylvania-based businesses have access to property tax exemptions, including the Keystone Opportunity Zone program that offers up to 100% tax relief for 15 years. Certain jurisdictions provide exemptions for new development through Local Economic Revitalization Tax Assistance (LERTA) programs. Research and development businesses can benefit from the Research and Development Tax Credit Program, while energy-intensive companies may qualify for the Energy Cost Savings Benefit Program, which offers tax credits for energy-efficient investments.
Businesses in South Carolina can access property tax exemptions, such as the Economic Development Bond program, which offers up to 50% tax relief for 15 years. Other exemptions are available based on industry, size, and R&D activities, like the Research & Development Tax Credit Program. Energy-intensive businesses can benefit from the Energy Cost Savings Benefit Program, which offers tax credits for energy-efficient upgrades. Additionally, property owners can reduce taxes post-sale by leveraging the Assessable Transfer of Interest (ATI) exemption, which can lower taxable value to 75% of the purchase price or the prior year's market value, promoting substantial savings.
In West Virginia, property owners can take advantage of a 2.5% discount when paying their property taxes by the first of the month in which they are due. This discount is applicable to taxes due on September 30 and March 31, provided that payment is made before September 1 and March 1, respectively. This incentive encourages timely tax payments and can lead to potential savings for property owners in the state.
