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Writer's pictureMichael Moore

Property Tax and Budget Shortfalls

Updated: Nov 22, 2021

The most recent estimate from the Center on Budget and Policy Priorities has budget shortfalls at $555 billion for fiscal years 2020 through 2022. And that doesn't include other local and tribal governments or U.S. territories. Already jurisdictions are cutting staff and budgets to help trim those lost tax dollars, which is already impacting refund processes and compliance assistance for taxpayers, and they are also increasing borrowing and looking at tax increases.


One of those tax increases is in property taxes. Realizing that this is not an "immediate" impact concern is important. Conversely, understanding your current market values and virus implications to the property tax calculations your business has available is critical in knowing beforehand whether you should challenge your values for late 2020 or early 2021.


Our experts are available to help with your analysis and have the expertise to work with your local assessor to provide you the best value available. Just give us a call.


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