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Small retail strip center assessment examined after rent and expense discrepancies reported
5750261 · August 21, 2025
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Summary
County and manager examined rent roll irregularities and high expense ratios for a small retail strip; a new tenant reported rent in 2025, and county will verify whether CAM and expenses are being passed through to tenants.
Taxpayer and Clay County staff discussed the assessment of a small retail strip at 601 NW Inglewood. The property manager provided operating statements showing total rent of about $51,000 in 2024 and a net operating income of roughly $28,000, producing a…
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