Your post is a fair, reasonable and rational assessment of the problems with commercial property assessment.Dee Martinez wrote:Its a little trickier when a property has been in the same hands for a while. In that case property owners can and do challenge the assessments. These re-assessments tend to be more incremental.
However, I am not in a reasonable mood.
Many commercial and apartment buildings in Lakewood have gone decades without improvements. I have been in many and have been appalled at what I saw.
And yet, when an opportunity arises for a development that will improve the quality of life for the people who live here the owners of that neglected property suddenly discover that that piece of garbage they own is their pride and joy!