Thursday, March 23, 2017

States Challenge Retailers on Dark Store Loophole for Tax Assessments

Image result for vacant walgreensWhen it comes to negotiating fair property values, commercial real estate professionals and state officials have generally managed the process by knowing when to compromise and when to push back forcefully. Sometimes, however, tenants and local assessors engage in what amounts to a shell game.

Now it looks like more municipal governments are willing to escalate the shell game, all the way to state legislatures. Wisconsin lawmakers have proposed legislation to allow tax assessors to consider a property’s income stream, or its lease, among other factors in determining the property’s fair market value, according to media reports.. . . more

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