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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

PROPERTY TAX INITIATIVE COLLECTING SIGNATURES

January 15, 2016

The property tax initiative noted above is referred to as the “Collis” initiative after one of its primary proponents. The measure would create a sliding scale property tax surcharge on all properties (commercial and residential) assessed at more than $3 million. The increased taxes are dedicated to fund “poverty reduction programs.” So far, the initiative has collected about 25% of the signatures it needs to qualify and has until March 21, 2016, to collected the required 585,407 signatures needed. This initiative is becoming a reality that out industry must be prepared for.

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