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Property Tax Resources

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Washington Property Tax Updates

Updated june 2020

Property Tax Relief Proposed for Commercial Real Estate

While many types of commercial real estate have been hit hard by the COVID-19 pandemic, immediate property tax relief has been in short supply. Immediate tax reductions are available in the event of unexpected physical destruction, such as by fire or flood, but the application of that statute to the pandemic is less clear. Another statute gives relief for government restrictions that cause a loss in value, but the timing of that relief is problematic. The King County Assessor recently proposed legislation to address the problems with current law:

https://www.youtube.com/watch?v=OYkb0f4QLnc. 

The next regular session of the state legislature convenes in January 2021, but the governor may call a special session sooner in order to work on a large budget shortfall. Now is the time to be in touch with your legislator to press the view that property tax relief for commercial real estate should be high on the list of priorities.

Norman J. Bruns & Michelle DeLappe
Foster Garvey PC
American Property Tax Counsel (APTC)

Virginia Property Tax Updates
Washington DC. Property Tax Updates

American Property Tax Counsel

Recent Published Property Tax Articles

How Poor Performance Can Aid Property Tax Appeals

Accounting for weak operations can buoy arguments to reduce taxable value, writes Baker Jarrell of Popp Hutcheson PLLC.

Property taxes are an ongoing headache for many commercial real estate owners, especially when their properties generate inadequate income. Assessors compound these frustrations when they value underperforming real estate as if it were...

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John Stark and Kirk Garza: Assessors Often Overvalue Student Housing

With competition from a growing supply of purpose-built student housing (PBSH) and student renters' ever-evolving preferences driving costs, property owners in the sector must guard against excessive tax assessments.

Assessors often treat this special asset class as a traditional multifamily development, while PBSH is designed specifically for university students. As such...

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Obsolescent Real Estate Presents Complications for Property Taxes

Incurable obsolescence — the stealth killer of commercial real estate value — is all too often overlooked in property tax appeals.

Any obsolescence can affect a property's value. Normal obsolescence involves curable problems, such as outdated fixtures and finishes that reduce a building's desirability. In valuation, the anticipated cost to cure...

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