Think I am getting this right but all you Commercial Real Estate owners have received 3 quarterly tax bills based on the old assessed value. The 4th qtr bill that is coming up to wrap up the City of Worcester 2011-2012 fiscal year will reflect the new assessed value.
Not only will your 4th bill reflect the new value but you will have to make up the difference for the the three prior bills that were not billed at the correct amount. In other words the other shoe has not dropped yet.
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