After the Retail Apocalypse, Prepare for the Property Tax Meltdown
- Thread starter 88m3
- Start date
ill
Superstar
Successful stores shouldn't use failed businesses as their comparable for valuation. 
Those stores may have failed because of location, out-dated business models, etc. Basically for reasons unrelated to just being a "big box" store.
On the other hand, some of these big box stores may have an argument as brick and mortar has been in a decline for years so their property may actually be less desirable right now and the large supply of similar properties is pushing prices down. The 85% valuation that they are settling for seems fair but obviously needs to be reviewed on a case by case basis.
Those stores may have failed because of location, out-dated business models, etc. Basically for reasons unrelated to just being a "big box" store.On the other hand, some of these big box stores may have an argument as brick and mortar has been in a decline for years so their property may actually be less desirable right now and the large supply of similar properties is pushing prices down. The 85% valuation that they are settling for seems fair but obviously needs to be reviewed on a case by case basis.
Dorian Breh
Veteran
They dont even want to stop paying, they want relief on prior paid taxes through refunds 
Rap game really aint no different from the crack game. I swear youd think Birdman advising these guys
"Aint no lights on in that sto, pleighboi"
Rap game really aint no different from the crack game. I swear youd think Birdman advising these guys
"Aint no lights on in that sto, pleighboi"