With many still reeling from the recent government shutdown, and sequestration uncertainty still looming, it is very obvious that federal funding to state and local governments will continue to be diminished.
To help offset these deficits, property taxes – commercial real estate specifically – are bound to increase dramatically to plug holes in decimated state and local budgets. This will have a tremendous impact on property owners.
In addition, faulty fiscal policies behind quantitative easing efforts will eventually drive up interest rates, which will have a devastating impact on both commercial and home property owners.
These are some of the key insights from a recent podcast interview with Ross Litkenhous, Principal with SC&H Group, who discusses the bumpy road ahead for property owners as the “perfect tax storm” looms ahead.