We analyze your current locations and assessments to determine what tax savings opportunities exist. We recommend a course of action regarding informal negotiation and discussion or a formal appeal. This ideally occurs in the period of time between assessments—so you are not put in the position of reacting to unfavorable developments.
- Thorough study and review of your property (may include on-site inspections)
- Determine real estate opinion of value; fair and equitable assessed values
- Conduct all negotiations
- Coordinate the filing of any protests or application for assessment reductions, make any necessary appearances before the assessing authorities in the furtherance of such protests or applications and determine the proper assessed valuation has been resolved and entered on the tax roll
This solution combines an exhaustive on-site analysis and a proactive, forward-thinking discussion with assessors and revaluation firms—well in advance of the revaluation. We develop a logical valuation based on depreciation, obsolescence, local assessment practices, and broadly accepted definitions of value. We provide assessors with the information they need to arrive at our valuations. This aggressive approach generally circumvents the need for litigation and appeals, enhances your public relations standing, and saves significantly on your tax bill.
We enroll new construction—usually at a substantial discount to the actual construction cost—by showing that cost does not equal value with respect to property taxes. Following an onsite analysis, we develop a logical valuation based on depreciation, obsolescence, local assessment practices, and broadly accepted definitions of value. We provide assessors with the information they need to arrive at our valuations. We proactively negotiate new construction and expansion assessments to enroll below actual cost based on classifications, market studies, exemptions, and equalization analyses. Appeals When an appeal is deemed necessary, we determine what needs to be done to maximize the chances of a successful appeal. This may incorporate the use of outside counsel and independent appraisers, depending on the jurisdiction. We continue to work with the assessor and the appeal body to resolve the assessment at the earliest moment based on a logical valuation based on depreciation, obsolescence, local assessment practices and broadly accepted definitions of value. Assessment Index Escalator Challenges We minimize annual escalators by documenting how and why your property's value did not change and should not, therefore, be subject to the escalator. This strategy requires annual attention and action, and is one uniquely suited to our commitment to proactive multi-year business relationships.
Our team of State & Local tax experts has created the "Proactive Tax Solution" to help its clients minimize taxes by resolving issues early.