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They can also challenge their assessment and file an appeal. I'd guess that this is a tool they can leverage to possibly get lower rates.
by CharlieDigital 2y ago
They can also challenge their assessment and file an appeal. I'd guess that this is a tool they can leverage to possibly get lower rates.
- infecto 2y agoI suspect this is the big one, at size, you can have people on staff that do nothing but fight property value increases. It may be like throwing a stick against the wind but some of them will land ahead and they get some reductions on annual increases.
- mooreds 2y agoExactly. From the article: > Professionalizing management, better bargaining over expenses, some degree of appeals over property tax, and better access to capital markets therefore enable institutional investors to improve their cost structure where 'some degree of appeals over property tax' is linked here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4269561 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4269561 I am not a subscriber so can't read the details, and nothing about appeals is mentioned in the abstract.