Dark store suits bring havoc to municipal budgets
January 7, 2019
Retailers and consumer packaged goods manufacturers operating warehouse facilities across the country are using so-call dark store lawsuits to try and get municipalities to reduce their property tax rates. The suits, many of which were brought successfully in states across the U.S., argue that a store’s property valuation should be based on its worth if it were to close. Retail property sale prices have fallen in recent years as more business has shifted online.
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