Studley Says…
December 22, 2009
From a recent Globe St. article titled “Studley Touts Tenant Opportunities”, which cites Studley’s preliminary Q4 report…
Tenants should negotiate lease terms that require landlords to seek property tax reductions and, if successful, to pass through savings, particularly in the case of anchor or sole tenants,” according to the company’s preliminary fourth quarter report. “Additionally, while many [...]
Property Tax Appeals: The Impact on Government, Landlord, and Tenants
November 22, 2009
Over 1,000 San Francisco property owners have filed petitions with the City of San Francisco to have their property taxes reduced. The same is for virtually every other city as property prices have fell dramatically.
Jose Guevara is property manager for Crocker Galleria, which has requested a 62 percent reduction in its assessed value, from $370.3 [...]
Efforts To Raise Commercial Property Taxes Gaining
November 17, 2009
They have fantastic names, “Protect Homeowners and Close Corporate Tax Loopholes Act” and the “Education and Taxpayer Fairness Act”, but the consequences could be pretty dramatic.
The first would require reappraisals every three years on commercial property. The second would raise property taxes on commercial property by 55%.
If any of these get the required number of signatures, they [...]
Paul Krugman on California and Proposition 13
May 26, 2009
Despite the economic slump, despite irresponsible policies that have doubled the state’s debt burden since Arnold Schwarzenegger became governor, California has immense human and financial resources. It should not be in fiscal crisis; it should not be on the verge of cutting essential public services and denying health coverage to almost a million children. But [...]
Read More >>Proposition 13, Property Taxes, and Tenants
February 26, 2009
In the previous post we discussed plans on the table to hike taxes as an effort to help close budget deficits. As cities and the state continue to face tough economic decisions, there is increased scrutiny of Proposition 13, as it is seen by many as a way to help bring in additional revenue [...]
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