During periods of disruption and tax revenue declines, state and local governments often look for other means to generate tax revenue. With real and business personal property, this often manifests as tax rate increases or more aggressive assessment practices. Business owners may find themselves with a higher-than-expected real or business personal property tax bill coming out of the COVID-19 pandemic. Rich Hermes, our Real & Personal Property Tax practice leader shares what business owners need to know about this situation, including:
Rich is the national leader for CBIZ’s Real and Personal Property tax division and has more than 35 years of property tax experience.
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Hear why COVID-19 may lead to higher property tax bills forbusiness owners.