Multifamily Boom May Skew Property Tax Assessment Systems

Multifamily Boom May Skew Property Tax Assessment Systems

Since the onset of the Great Recession in 2007 the homeownership rate in the United States has fallen by a considerable 4 percent, according to the Census Bureau. While the U.S. may not have become a nation of renters, that long-cherished and widely promoted American dream of homeownership appears to be less attainable and less desirable than it was a decade ago.

This shift in housing demand has sparked a construction boom in the multifamily sector. Across the nation,

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