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Not mentioned at all in the article, but what will be more interesting is when all of the landlords start appealing their property tax assessments. Obviously if
by ralph84 6y ago
Not mentioned at all in the article, but what will be more interesting is when all of the landlords start appealing their property tax assessments. Obviously if the government has prevented the property from being used, it's not worth what is was previously assessed at. State and local governments are in for a world of hurt.
- deleted 6y ago[deleted]
- happycube 6y agoThe federal tax writeoffs tend to make up for it, AFAIK.
- djrogers 6y agoTax write offs never ‘make up for’ anything - if you write off $1000 in property taxes, it will reduce your tax burden by ($marginal_tax_rate*1000), which will by definition be less than $1000. Tax write offs are distinct from tax credits.
- ethanbond 6y ago“I was told that this business was guaranteed upside for zero work” - Landlords