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Life Storage Inc., a self-storage real estate investment trust (REIT) and management company, received permission to reduce the job commitment for its facility in Hicksville, N.Y., without suffering a decrease in its Nassau County tax breaks. The...
Update 12/5/19 – Nitzberg and Brian Caster, CEO of Caster Properties, which operates the A-1 Self Storage brand, will co-chair a national Self Storage Association (SSA) task force that will examine ways the industry can combat California...
Confusion over the new tax code can cause self-storage owners to leave money on the table. Learn strategies designed to take full advantage of recent tax reform.
Officials in Evanston, Ill, have included a 5 percent self-storage tax as part of the city’s proposed budget for the 2020-21 fiscal year. This “user fee” is included as one of several new revenue streams officials are considering within the $317...
Self-storage property-tax assessments are based on an opinion of value. Learn how intangible assets could be part of the appraisal and why you should contest your bill.
Business tax laws are a point of concern for many self-storage operators. In this video filmed at the 2019 Inside Self-Storage World Expo, Warren Dazzio discusses how the 2017 Tax Cuts and Jobs Act and changes to the Qualified Improvement Property...
Self-storage operators across North America are sometimes burdened with tax liabilities that create unexpected expense hikes. Those in California, Nebraska and Alberta, Canada, are learning this firsthand in 2019. This video discusses recent...
Update 6/7/19 – Measure EE was rejected by voters on June 4, saving self-storage and other property owners within the LAUSD boundary from having to pay an additional parcel tax. Of the 277,144 votes cast in the special election, 53 percent were...
John Milino, owner of Alberta Storage Place Ltd. in Calgary, Alberta, Canada, recently received his monthly tax bill and was shocked to see an increase from $8,408 to $10,440 for the second half of the year. Since 2015, the annual tax bill for his...
Update 5/21/19 – With LB 289 stalled in the legislature, Nebraska lawmakers are pursuing an alternative approach by proposing a sales-tax amendment to LB 183, a bill that would make an adjustment in the valuation of agricultural land. The...