Posted by Donald Teel – Arizona Commercial
In today’s commercial investment environment, property taxes can be lethal. Many investors are still paying property taxes that are reflective of the market run-up of 2000-2006 and not necessarily on the current valuations of their investments.
The questions are what can you do about inflated tax valuations, where do you turn and more importantly, how can investors challenge property tax values successfully?
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Posted by Donald Teel – Senior Associate, Arizona Commercial
Prescott, Arizona commercial real estate is currently mirroring the national commercial real estate trend lines.
Vacancies are continuing to increase in just about every property type, except medical space and the separation between Owner asking price and buyer/tenant offer price is beginning to narrow in order for investors to attempt to satisfy their cash flow requirements.
As Owners approach the refinancing realities, nothing will be more important than occupancy and cash flow, even if or, I might say, even though, the rents are not producing anticipated NOI to support CAPs and market values.
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