Our analysis highlights property tax challenges and opportunities in ten major urban centers across the country
Real property tax is one of largest single operating costs for most commercial real estate owners and operators. Managing property tax costs frees up capital and can improve competitiveness and ultimately the value of your property. But gaining full insight into your property tax situation can be a complex and challenging process, particularly for owners with a portfolio of buildings across different tax jurisdictions.
Altus Group’s US Real Property Tax Benchmark Report 2024 was developed to better evaluate and prioritize an overall tax strategy.
What’s inside:
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Property tax analysis of ten major urban centers across the United States
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Analysis of effective property tax rates for 2023
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A review of tax-to-sale ratios to illustrate the level of taxation in each city
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Comparative tax costs for 4 benchmark property types in each city