Behind the scenes, biz owners are pleading with this town's most famous politico for mercy in the form of a tax respite amid the pandemic.
To wit . . .
MIDTOWN KANSAS CITY SMALL BIZ OWNERS ARE DESPERATE TO AVOID ANOTHER PROPERTY TAX INCREASE PROMISED BY TEAM FRANK!!! EMPLOYERS ARE LITERALLY BEGGING THE EXEC FOR REASSESSMENT CLEMENCY!!!
To be clear, reassessments are mandated by the state but there's a bit of wiggle room about when and how they are conducted.
More importantly, let's not forget . . .
Given the pandemic and other pressing concerns, there hasn't been much guidance since that point and that's why local employers have been reaching out to anyone who will listen for help.
Money line from a report earlier this year . . .
"New County Administrator Troy Schulte laid out a litany of problems suggesting that it might not be fully cleaned up for years.
"Taxpayers will need to brace themselves for another rocky reassessment in 2021 and perhaps beyond, Schulte said, explainig that county data points toward big assessment hikes in eight county neighborhoods:
- 95th and State Line
- Ward Parkway
- 49-63 Neighborhood
- South KC
- Martin City
- Lake Tapawingo
"Schulte told legislators on Monday that property owners in those eight areas can expect "significantly higher assessed valuations in 2021."
Now . . . There's "hope" that the pandemic has so fundamentally changed the real estate market that there will be mercy toward home owners and small biz.
And so . . . Midtown leaders have now started to implore courthouse top brass that a better system for assessments and re-calibration for current economic reality is the only thing that will save them.
A quick quote from a recently shut down biz puts the situation in perspective . . .
"The disproportionate tax increases have made our survival impossible . . . We made a deal to decrease our rent during COVID, but the property taxes went up so much that our rent was actually higher than pre-COVID."
Moreover, the process for appealing the assessments might not get any easier given that a visit to the courthouse would be tougher and risky for many vulnerable communities.
To be fair, we've actually heard that Team Frank has been receptive to local groveling, the county is still flush with CARES ACT cash and there is an understanding that the economy has fundamentally changed because of the pandemic.
Still, locals are getting nervous as property tax time looms and the threat of higher bills could devastate local merchants and home owners.
Developing . . .