Category: Commercial

  Since 1978, residential, commercial, and industrial property tax has been based on their purchase price. The tax is limited to 1% of the purchase price and adjusts annually at a rate of 2% or inflation whichever is lower. When proposition 13 was first introduced property classes were paying their fair share. Over time residential […]

As the US, local, and state governments attempt to re-open the economy, the impact on commercial properties remains to be seen. The reality is temporary relief or loan restructuring alone will not save all properties. According to the Mortgage Brokers Association under 40% of commercial property, loans are from banks. The majority of loans are in […]