Sentences with phrase «properties during the economic downturn»

Not exact matches

However, this same inelasticity protects schools during economic downturns when property owners continue to pay those same taxes, even if their income is reduced, as assessors do not reduce property values in a timely manner.

Compare that to the office sector's 17.5 percent vacancy rate and industrial's 17 percent, and it's easy to see that retail properties are propping up the market during the current economic downturn.

SACRAMENTO, California (Reuters)- California's recovering real estate market means higher property taxes for homeowners whose bills were reduced during the economic downturn, despite tough protections against tax hikes imposed by voters decades ago, a new report says.

In particular, in times of economic downturn and weak property markets during which there is increased risk that the NOI of the property may decline and the DCR fall below the minimum benchmark required by the bank to approve the loan, and even below 1, banks are requiring a higher DCR, so they are protected against future declines of NOI.