Wednesday, August 30, 2017

Lower Property Taxes are Silver Lining for Landlords in Weak Retail Market

Image result for retail property taxRetail sales and occupancy rates are falling in many parts of the country, partly due to oversupply of stores and competition with online retail. That has meant lower property values, lower tax collections and -- in some cases -- less to pay teachers and firefighters.

But property owners and retailers say lower tax bills, which are a large part of operating costs, will help to keep them in business.. . . more

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