Taft partner Nathan Hagerman presented “Property Tax in a Coronavirus World” at a CLE webinar hosted by the Indianapolis Bar Association on Dec. 8. The presentation explored the immediate, widespread, and potentially ongoing impact of COVID-19 on property valuations for legal and property tax professionals and their clients. Topics included:
- Valuation impacts on various classes of properties and differently affected industries.
- Economic losses: physically destroyed and abandoned property.
- Real estate markets.
- Economic ramifications of COVID-19 on local and state budgets and tax rates.
- Practical filing, assessment, appraisal and other process-related changes.
- Legal changes directly in response to COVID-19.
- Administrative and judicial appeals changes.
- Planning for a post-COVID future.
Hagerman provides legal counsel and tax advice for domestic and international transactions involving business assets and aircraft, including structuring, planning and drafting deals. He has been practicing in the area of multistate taxation since 1996. He counsels business clients in all areas of state and local taxes, including controversies, administrative proceedings, audits, appeals, litigation and planning. Hagerman has presented before numerous industry and professional organizations on various state and local taxation matters.