Office real estate crash will be so sharp, values unlikely to recover by 2040

Re:Office real estate crash will be so sharp, values unlikel... by ddkto on Sunday June 25, 2023 @10:40AM (#36468624)

Property taxes are usually set as a fixed amount to be collected, and the tax % is back calculated. In practice, this means that the only thing that matters is the value of a property relative to the rest of the city.

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Re:Office real estate crash will be so sharp, values unlikel... by Scoundreller on Sunday June 25, 2023 @10:45AM (#36468695)

Does the US use the same rates for all property types? At least in Canada (and in Sim City 2000…), the tax % is different for residential, commercial, industrial and often subcategorized further.

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Re:Office real estate crash will be so sharp, values unlikel... by quags on Sunday June 25, 2023 @10:50AM (#36468739)

In my state it varies by town so nothing that covers the entire US.

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Re:Office real estate crash will be so sharp, values unlikel... by lisper on Sunday June 25, 2023 @10:46AM (#36468701)

That may be what “usually” happens but in california, which is a major commercial real estate market, we have this thing called proposition 13 which screws up everything.

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