We know the coronavirus pandemic will have a lasting effect on the economy, but how will it impact property tax?
Across the country, localities have made changes to their property tax calendar due to the COVID-19 pandemic. So far, we’ve seen delayed mailings, pushed due dates, discount extensions, penalty waivers – all easy adjustments to provide flexibility in the face of uncertainty.
But now, four months into the pandemic, it’s also time for many jurisdictions to announce their property tax rates. And alas, we’re starting to see the more impactful – and lasting – consequences of the economic recession.
On August 13, our CEO Stephen Wicks led a webinar about the impacts of COVID-19 on commercial property tax. He explored:
- Insights from the 2008/2009 Great Recession’s impact on property tax
- How the coronavirus recession could impact 2020 tax liabilities and 2021 budgeting
- What you should start doing now to prepare
Watch the recording anytime. Click here for the video.