Posts Tagged: Centre Square

Centre Square Negotiates Decrease in Property Tax Assessment

Centre Square negotiates $113M decrease in property tax assessment amid receivership

The owners of Centre Square have successfully negotiated with the city to reduce the property tax assessment on the challenged office complex by $113 million for the current year, while the two-building site remains in receivership with declining occupancy levels. The assessed value of this Center City property, initially set at $362.6 million, will undergo… Read more »