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Property Reassessment

Is the lease up on this apartment-based business?

By Paul and Sarah Edwards • Nov 1, 2004

Opinions expressed by Entrepreneur contributors are their own.

Q: I run a mail order business outof my apartment. But my landlord is concerned that my business willcause his real estate taxes to change from residential tocommercial, which are higher.

A: We've never seen a situationin which property was reclassified because of a home office. JuliePfeiffer of the International Association of Assessing Officers sayseach state has its own code for property assessment, but in somestates, municipal rulings differ from those of the state. Sheadvises talking to your local assessor.

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