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Category: Articles & Alerts

DELAWARE COUNTY TO ENGAGE IN REASSESSMENT OF ALL COUNTY PROPERTY

3/14/2018 | Articles & Alerts

DELAWARE COUNTY TO ENGAGE IN REASSESSMENT OF ALL COUNTY PROPERTY

Pursuant to a recent order of the Delaware County Court of Common Pleas, the County will now undertake the first reassessment of all property valuations since 2000. The reassessment is required to address the apparent lack of uniformity in property assessments, which constitutes a violation of the Pennsylvania Constitution.  The tax burden for some taxpayers may rise substantially. Historically, values have increased, though recently some types of property in certain areas have remained unchanged or even decreased in value. No […]

PENNSYLVANIA SUPREME COURT THROWS THE BOOK AT SCHOOL DISTRICT TAX APPEALS

3/14/2018 | Articles & Alerts

  PENNSYLVANIA SUPREME COURT THROWS THE BOOK AT SCHOOL DISTRICT TAX APPEALS Pursuant to a recent order of the Delaware County Court of Common Pleas, the County will now undertake the first reassessment of all property valuations since 2000. The reassessment is required to address the apparent lack of uniformity in property assessments, which constitutes a violation of the Pennsylvania Constitution. The tax burden for some taxpayers may rise substantially.In a July 5, 2017 decision, the Pennsylvania Supreme Court held […]

New Jersey Court Allows Developer to Sue for Damages for Bad Faith Appeals by Competitor

7/25/2017 | Articles & Alerts

New Jersey Court Allows Developer to Sue for Damages for Bad Faith Appeals by Competitor

In a landmark decision issued July 25, 2017, the New Jersey Superior Court, Appellate Division reversed the dismissal of an action by a shopping center developer seeking damages against a Shop-Rite supermarket owner (Ammons Supermarket, Inc.) and its attorneys (R.S. Gasiorowski, Esquire and Gasiorowski & Holobinko) based on Ammons and Gasiorowski’s filing of a pattern of sham litigation intended solely to prevent competition with Shop-Rite supermarkets within the State of New Jersey. The lower court had dismissed the shopping center […]

Act 170’s Changes to Partner Fiduciary Law

5/17/2017 | Articles & Alerts

The Pennsylvania legislature recently enacted sweeping changes to the law on partnerships and limited liability corporations including fiduciary duty. Known as Act 170, it applies to entities formed on or after February 21, 2017 or to entities which elect to be covered.  This article focuses on the Act’s changes to the duties of loyalty and care which members owe to each other and to the company.  A significant change under the Act is that for the first time, the Act […]

Taxation of Canceled Real Property Indebtedness

5/17/2017 | Articles & Alerts

In this economic downturn, many developers borrowed substantial debt to finance projects that commenced during the real estate boom. Many of these projects have been stalled.  As a result, numerous developers have been unable to meet their debt obligations.  In many cases, developers have been saddled with properties worth less than the mortgage indebtedness.  Some lenders have been working with developers to restructure debt and in some instances cancel debt.  Such cancellation of debt can leave developers with unintended tax […]