Tenants at some of Atlanta’s biggest buildings are facing sharply higher costs because of Fulton County’s revaluation of commercial properties. The projected median increase is 44 percent. At several towers, however, the run-up is even higher.
Fresh Political Pickins From The Peach State
{ 4 comments }
Ronin 05.27.08 at 4:12 pm
Cobb County is doing this as well.
After years of using the increased appraisal as a back door tax increase, the counties have been a bit panicky about the dip in real estate prices. They can’t justify a real estate hike on personal homes during a downturn (and the subsequent out cry it would cause). So they seem to be trying to make up for it by further raising the assessed values of commercial properties.
At least that is what it seems like to me.
moocher 05.27.08 at 7:04 pm
Wait a minute I thought the landlord pays property taxes not the tenant. When you raise taxes it’s about getting those rich, evil landlords; not the lowly tenants.
Rick Day 05.27.08 at 10:04 pm
moocher, please tell that to my commercial landlord.
kthxbye
moocher 05.28.08 at 6:43 am
Perhaps there is something to the whole embedded tax myth.
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