In this report, Richard A. Ciccarone, President Emeritus of Merritt Research Services, an Investortools Company, examines the potential risks facing large U.S. cities whose property tax revenue is heavily concentrated among a small number of top taxpayers, particularly in the wake of COVID-19’s impact on downtown commercial real estate. The report explores whether a “Long Covid” scenario, characterized by persistently elevated vacancy rates and reduced occupancy, could trigger assessment appeals, lower tax revenues, and force cities to shift the burden onto other taxpayers or face shortfalls.
About Investortools
For more than four decades, Investortools has been a leading SaaS provider of solutions regarded by the industry as a prerequisite for fixed-income investment management. Its comprehensive product suite covers portfolio, order, and execution management, performance analytics, 2a-7 compliance, and credit analysis. Trusted by over 200 firms managing more than $1 trillion in assets, Investortools supports SMA managers, fund managers, broker-dealers, and other key market participants.
