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According to the Wall Street Journal, a national state-by-state property-tax study revealed states and cities are
taxing commercial properties much more heavily than they were 10 years ago, in an effort to appease homeowners angered by
the rising property-tax bill. And the gap between commercial and residential property-tax rates has widened.
Commercial properties are usually valued by using the income approach. It is not easily understandable and requires a
knowledge of capitalization rates, allowable expenses, income and vacancy.
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