Real Estate/Development
Feb. 2, 2000
Under scrutiny
By Michael J. Schaaf For more than two decades, California's Proposition 13 has required taxpayers to maintain an extremely vigilant watch on their assessments and taxes if they want to ensure that these expenses are kept to a minimum or reported correctly. Proposition 13 demands that taxpayers revisit the issue of property taxes every time a significant business event occurs.




By Michael J. Schaaf
For more than two decades, California's Proposition 13 has required taxpayers to maintain an extremely vigilant watch on their assessments and taxes if they want to ensure that these expenses are kept to a minimum or reported correctly. Proposition 13 demands that taxpayers revisit the issue of property taxes every time a significant business event occurs.
This is especially true for lenders, who are subject to particularly intense forms of p...
For more than two decades, California's Proposition 13 has required taxpayers to maintain an extremely vigilant watch on their assessments and taxes if they want to ensure that these expenses are kept to a minimum or reported correctly. Proposition 13 demands that taxpayers revisit the issue of property taxes every time a significant business event occurs.
This is especially true for lenders, who are subject to particularly intense forms of p...
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