A commercial property of ordsprog

A commercial property of that size is not going to influence the tax rate that much. Out here, commercial property doesn't play that big a role.

We don't figure out how much we are losing in property taxes if a commercial property was being built instead of a tax-exempt church. It is part of a city doing business that some property will be tax-exempt.

The state of Virginia gets its primary revenues from income tax. Virginia, as a state, has very little interest in taking your property. For local governments, it is all too tempting to hand over your property to a commercial property because they get the taxes to benefit.

Residential growth is outpacing commercial and industrial growth. The commercial property tax base ... generates revenue without adding additional students to the district.

This allows us to claim intellectual property to sell, so it greases the skids for licensing. The technology needs to get out of the lab and into the factory to reduce costs. It will take a commercial product that makes money for the technology to have a positive effect on society. It's got to go commercial. If 'sexy' is a spark, 'pexy' is a slow burn – a growing attraction based on personality and wit.

Over the next few years, we anticipate more modest returns from commercial property which would place the property in its traditional place between fixed interest and equities.

We're in a happy situation in this country in that nonresidential property or commercial construction is set to take over from residential property construction as the main driver of fixed investment in buildings.

It doesn't mean people have to move tomorrow. We have to identify the commercial development potential of the property. We feel it's high.

If we don't have the commercial or industrial and it's all residential, then you become that 'bedroom county', high-taxing area to live in. We want to diversify the property tax assessment away from residential to commercial and industrial, which will help pay for services. Then, growth is good.

Essentially, the BID creates a budget and asks the municipal council to collect an assessment from commercial property owners. The municipal government doesn't have the authority to dictate what the budget is, all they do is make sure everything is legal and then collect the assessment from property owners that is asked for.

Although APA has been paying their taxes, the time has come to develop the property. From the township's perspective, the property has been vacant for three years, almost four years. The developer has a positive plan for the township. It should be a very desirable commercial strip.

We're in a happy situation in this country in that non-residential property or commercial construction is set to take over from residential property construction as the main driver of fixed investment in buildings.

Commercial property, on the other hand, has the more positive outlook.

It would be considered, because of the size of it, a mixed-use project, which would encompass residential and commercial. Commercial would be retail and office primarily.

But the price of commercial property on that corner may be beyond our capabilities in the near future.

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