COVID-19 Commercial Property Tax Assessments: Brace for Impact

(In this two-part series, LoopNet explores the basics of commercial real estate property assessments and how commercial property owners can appeal them as tenants walk away from leases or fail to renew during the COVID-19 pandemic. Part one, presented below, focuses on challenges faced by owners and assessors relative to occupancy declines and how they can be overcome. Part two outlines the three phases of the typical real property assessment appeals process for CRE and provides insider guidance to help property owners navigate the process effectively, improving their chances of a successful appeal.)