Is Boston headed for a fiscal cliff or a fiscal hiccup thanks to falling office utilization? Two things are for sure: no one should take fears of a calamity lightly, and everyone should use this threat as an occasion to fix what’s long been broken.
With office buildings finally starting to sell in downtown Boston — often at huge discounts to pre-pandemic purchase prices — it’s not long before these falling dominoes hit city coffers.
COVID-19’s effects on income-producing properties will pose challenges for officials responsible for setting property tax assessments. Property owners must be keenly aware of the issues and deadlines for appeals.
