EP35 - Benchmarking commercial property taxes

If commercial property taxes are based on market value, why can property tax assessments go up when market values are going down? And how can you compare property taxes for different property types across different cities? We get some answers on those questions and more, as we sit down with Sandi Prendergast, Director on Altus Group’s research team, to discuss findings from Altus Group’s US Real Property Tax Benchmark report.

With over 25 years of property tax expertise, Sandi walks us through the report, shedding light on effective tax rates, assessment disparities, and actionable strategies for managing your portfolio’s tax burden.

Resources mentioned:

US Real Property Tax Benchmark Report