VCREP #64 | Understanding Property Taxes 101 with Clayton Olson

Ever wonder why or even how your property taxes go up every year? This week Cory and Matt welcome Clayton Olson of the Altus Group to discuss the metrics behind understanding your commercial property taxes. Although in most cases, your commercial property taxes are passed onto your tenant through a true triple net lease. These rising costs have a direct impact on your tenant’s ability to pay their rent. Clayton walks us through how these costs are calculated, why they increase, and what you can do about it if you disagree with your tax amount. If you own commercial property this is another episode you don't want to miss.