How $4 Billion Came Off Durham’s Tax Rolls Last Year, Mostly Benefiting Corporate Landlords—and Blowing a Hole in the City Budget

How $4 Billion Came Off Durham’s Tax Rolls Last Year, Mostly Benefiting Corporate Landlords—and Blowing a Hole in the City Budget

In an unprecedented and still-murky saga, landlords and companies like IBM and Blackstone won billions in property tax appeals. City leadership, banking on the revenue, didn’t know until April.

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