The deadline to appeal commercial property tax assessments in Jackson County was Monday.
Renters, subtenants worried about trickle-down impacts of property tax increases
As small business owners made their cases online, several local tenants and vendors who rent spaces from property owners were stuck feeling anxious about the future.
“It was a shock, especially the amount being almost 600%,” said Steve Waters, owner of All Keyed Up Piano Shop. “We’re kind of emotional about it because it raised our monthly bills considerably.”
Waters was notified by his landlord, Group Real Estate Development, on June 26 that he would have to pay $821 more in rent every month.
His landlord is going through the appeals process, but the immediate impacts of the tax hike to Waters’ rent add to the existing burden of inflation…