Out of all the asset classes, manufacturing was one of the hardest hit by the global pandemic. Although the federal government provided some financial aid to manufacturers, it wasn’t nearly enough to cover the gap caused by government shutdowns.
Fortunately, American manufacturing companies have a unique opportunity to receive some financial relief by appealing both their business personal property and commerce real estate. Watch our final installment of the Property Tax 2021 series to discover the various use cases of external obsolescence that manufacturers can use to appeal their property taxes.
Still have questions that need answers? Get in contact with one of our specialists for more information.
Previously in the series:
Industrial Remains Strong But Still Shows Impact of COVID
Retail Spaces Need to Proactively Plan Property Tax Appeal
Hotels and COVID: Lower Occupancy, Higher Operational Expenses