Tax Relief Procedures Complex for Commercial Property Owners

In light of plummeting office rents, increased vacancies and readily available sublease space at discounted rents, property owners might expect that commercial real estate assessments in the city of Boston and in many other communities in eastern Massachusetts will decrease in fiscal year 2005. However, several factors may contribute to a different result, whereby commercial property owners will likely see level or slightly increased assessments from a year ago.

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