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Metropolitan DC Local Politics
Reply to "ELI5 the DC loophole that makes it more attractive to have vacant DC commercial real estate"
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[quote=Anonymous]Commercial Real Estate tax is based on occupancy. If you have no tenants then your property tax owed goes down which decreases your most significant carrying cost. So if you want to preserve optionality to extract potentially more $$$ from your commercial property down the road, the tax structure is aligned with helping you do that by keeping your building vacant. [/quote]
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