Wellington Mall Reductions: $2,400,000

In just the past few years, property taxes have increased at an alarming rate, with even steeper increases ahead in the near future. For most investment property, real estate taxes are the largest single expense item found on the operating statement, which in turn dramatically affects the bottom line net profit. In Florida, most commercial properties are experiencing smaller profit margins, due to the rise of property taxes and many other associated operating expenses. Are you overpaying this heavy tax?