Tuesday, 15 September 2015

Change in Commercial Property Tax Rate can Create 79,000 New Jobs in Philadelphia

The Philadelphia Growth Coalition, which is a prominent group of business leaders that proposes changes in the Commercial Property Tax Rate, has put forth a study conducted by Econsult Solutions Inc. to analyze all possible effects of increasing the commercial real estate tax rate in Philadelphia over the next 10 years. One of the most significant results of the tax raise would be an increase of nearly 79,000 more available jobs within the city, as opposed to only 18,000 more jobs if the tax rate is not changed.

The potential raise in property tax rates will significantly improve the economic standing of the city of Philadelphia and help many families combat poverty. Visit this link to read more about the interesting study

Also visit http://nria.net/news/ to read the latest news on US real estate market

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