How Commercial Property Tax Rates Are Set—And What it Means for Owners


Throughout the 26 years that we’ve been running Kurz Group Inc., my brother Rick and I have often been asked how taxing jurisdictions (counties, cities, ISDs and special districts) set the rates that commercial property owners eventually see on their fall property tax bills. The short answer is that it’s a yearlong process that begins on January 1—the actual assessment date for commercial, residential and business personal property—and is ultimately determined by annual budgets set by each taxing jurisdiction.

Now, here’s the long answer…

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