Property types
Industrial acquisitions and property tax.
Real-property allocation, reassessment risk, and where the exposure actually is
Warehouse and distribution defaults to 100% real property; light industrial/flex to 99%. Manufacturing-heavy facilities are a placeholder estimate (85%) pending real research into how much equipment/FF&E value typically rides along in a manufacturing-facility sale. For the two grounded categories, the allocation question is close to moot: industrial sells as a building, full stop.
The real exposure: PILOTs and bond overlays
Industrial is the property type most likely to carry a PILOT (Payment In Lieu of Taxes) agreement, since industrial-development-bond-financed projects are very often structured with one. A property under an active PILOT typically pays a negotiated fixed or graduated amount instead of standard ad valorem tax , so a standard reassessment estimate isn’t just imprecise for that property, it can be actively wrong. Rolling Basis doesn’t model PILOT status (no comprehensive public dataset exists), so verify directly with the local taxing authority or the seller’s bond documents before relying on a standard reassessment figure for an industrial-development-bond-financed asset.
Rolling Basis does flag active Texas TIRZ zones by county for Texas industrial properties. See the TIF guide for how that works and its county-level (not parcel-precise) limit.
Other property types