Delinquency rates on commercial property taxes have increased by about 50 percent since last year, according to an analysis by Crain’s. Commercial properties — including retail spaces, offices and factories — were the most behind on their tax bills, with a 3.6 percent nonpayment rate on the first tax deadline in July. As of Oct. 15, the number of properties in arrears rose to 4 percent, according to Crain’s. Property taxes account for more than
source https://therealdeal.com/2020/11/03/commercial-property-tax-delinquencies-jump-50/
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