Underutilization of your property, obsolescence, announcement of a jurisdiction-wide reassessment, and general market fluctuations are all issues that can significantly impact your real estate tax assessment.
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, including on-site inspections
- Determine real estate opinion of value; fair and equitable assessed values
- Review the real estate market estimating fair and equitable assessed values of your properties
- Conduct all negotiations
- Coordinate and manage all negotiations on your behalf, executing all negotiation strategies we have identified and reviewed with you and your team
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 work with assessors to arrive at valuations that offer the most benefit to you as a taxpayer. This strategic approach generally circumvents the need for litigation and appeals, enhances your public relations standing, and minimizes your tax burden.
Whether you are constructing a new building or expanding your current location, we enroll new construction—usually at a substantial discount to the actual construction cost—by showing that cost generally 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 proactively negotiate new construction and expansion assessments to enroll below actual cost based on classifications, market studies, exemptions, and equalization analyses.
When an appeal is deemed necessary, we determine what needs to be done to maximize the chances of a successful appeal. Depending on the jurisdiction, this may incorporate the use of outside counsel and independent appraisers. We continue to work with the assessor and the appeal body to resolve the assessment at the earliest possible date 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 should not 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.