if my tenant moves out of my rental commercial property,will my property taxes go up?

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if my tenant moves out of my rental commercial property,will my property taxes go up?

IF MY TENANTS MOVE FROM MY BUSINESS PROPERTY,WILL MY PROPERTY TAXES GO UP?

2007-12-04 05:10:48 · 2 answers · asked by andy a 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

No. The taxes are based on the assessed value. So they won't change. The actual market value may go down if the property is vacant, but hopefully your local government doesn't re-assess very often.

I'm in the USA.

2007-12-04 05:16:11 · answer #1 · answered by hottotrot1_usa 7 · 1⤊ 0⤋

I'm not sure what one has to do with the other, but the answer is no. Taxes are based on the building and land; not the occupants.

2007-12-04 05:28:50 · answer #2 · answered by Dacious P.I. 4 · 1⤊ 0⤋