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MarbleFox_ t1_jaafhxp wrote

Reply to comment by GeorgeWBush2016 in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

I understand that, my point is that unoccupied property should have a higher tax rate or an additional tax.

If a commercial space is occupied by a company, it generate tax revenue on the money it makes and the income its employees get paid. If, however, the commercial space is unoccupied it does not generate that revenue so the owner should have to pay additional taxes to make up for that.

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Status_Fox_1474 t1_jaajpsa wrote

But then those rents are essentially losses. Keep the losses on paper, all good.

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