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Metropolitan DC Local Politics
Reply to "Real talk about the city’s economy, federal buildings leases, and telework impacts"
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[quote=Anonymous]Let’s talk about the real issue—what’s the DC city council going to do with DC taxes when downtown commercial real estate is marked down? The commercial real estate tax rate is twice as high as the residential one so even if we have a bunch of downtown conversions with minimal reductions in value (the best case scenario) you still have a fiscal hit to the city. And then of course there are likely to be markdowns. Raise residential property taxes? Income taxes? [/quote]
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