Relocations and Closings

Relocations and Closings

Corporations undergoing relocations or closings are prime candidates for reassessment. Relocations will likely increase the profitability of your business and can impact your assessment, while closing is an indicator of lessened property value and receipt of income from its use. Even if you continue to hold ownership of a property with a closed business, a revaluation should take place to reflect the difference in a property that is not generating income.