Cynthia Fraser will be speaking on how property taxes and condemnation clauses could have adverse short and long term effects on business deals.
When closing a deal, there are risks with simply relying on the current property tax assessment to estimate your client’s tax liability. Changing the use of a property may trigger an exception to the constitutional cap on taxes. It is also important to understand the highest and best use of your client’s property when negotiating a condemnation clause in a contract. For more information visit the Multnomah Bar Association site.