Hartford Commercial Property Owners Argue For Steeper Loses in Value

By On April 13, 2012 · 1 Comment

 

The city revaluation assigned a 30 percent loss in the market value for the iconic "Boat Building" in downtown Hartford. But its owner, the Phoenix Cos., argues the decline should be even steeper. File Photo by Shana Surek/The Hartford Courant.

 

You’d think commercial property owners in downtown Hartford would be worried about the double-digit declines in the values of their buildings since the 2006 city revaluation.

But they’re not, in fact, many are arguing that the losses have been even steeper.

Not great for property values, but a boost when tax time comes.

Read more in my story and check out the photo gallery designed by Sandy Csizmar.

 
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One Response to Hartford Commercial Property Owners Argue For Steeper Loses in Value

  1. Mike Woods from Indianapolis says:
    April 17, 2012 at 2:44 pm

    I can see how the city would be biased toward the one appraisal model over the other. If the property owners win the appeal, I hope the city is able to make good on its obligation.