As business owners know, commercial property taxes are unavoidable. They are a percentage of the tax authority’s market value assessment of your commercial property. These taxes, along with residential property taxes, fund local government operations like police, fire...
Results for "property tax"
Bill would reduce commercial property taxes in Arizona
Legislation is in the works in Arizona that would lower property taxes for businesses in the state. The goal is to bring more jobs to the state without shifting the tax burden to homeowners or reducing funds to local governments and schools. What is the current law on...
Should you buy commercial property at a foreclosure sale?
Finding commercial properties at foreclosure sales feels like striking gold in today's competitive market. After all, promises of below-market prices and high returns are hard to ignore. However, many rush into these sales and end up making costly mistakes. Whether...
When should you walk away from a real estate deal?
Commercial real estate transactions in Arizona can be complex. While you might expect a lot of negotiation, sometimes you may feel as if the negotiations are just not going anywhere and wonder if you should walk away. The truth is that sometimes walking away is the...
The differences between a condo and a co-op
The Community Associations Institutes reports that almost 74 million people in the U.S. live in a community association. Moreover, the number of community associations is increasing, growing between approximately 352,000 and 354,000 in the past year. Two popular types...
What is commercial real estate?
Real estate falls into two classifications which impact its use and transactions. Commercial real estate, unlike residential real estate, is used exclusively for business purposes, provides a place to work or generates income. Investing in CRE usually requires more...
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