Real Estate/Development
Apr. 2, 2000
Striking a balance
By Michael J. Schaaf As the commercial real estate market continues to rebound, many landlords may face a tremendous, unexpected property tax increase that could significantly impact their profitability. Landlords also may find themselves confronting the unpleasant choice of shouldering the fiscal burden alone or enduring a tenant mutiny.
By Michael J. Schaaf
As the commercial real estate market continues to rebound, many landlords may face a tremendous, unexpected property tax increase that could significantly impact their profitability. Landlords also may find themselves confronting the unpleasant choice of shouldering the fiscal burden alone or enduring a tenant mutiny.
The problem stems from Proposition 8, a measure passed in 1978 that allowed assessors to enroll "temporary" assessment reducti...
As the commercial real estate market continues to rebound, many landlords may face a tremendous, unexpected property tax increase that could significantly impact their profitability. Landlords also may find themselves confronting the unpleasant choice of shouldering the fiscal burden alone or enduring a tenant mutiny.
The problem stems from Proposition 8, a measure passed in 1978 that allowed assessors to enroll "temporary" assessment reducti...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In