Tax appeal is one of the easiest ways for your company to save money and lower expenses. Here's how it works: If you think the “assessed value” of your property is higher than “market value” then you may be paying too much in property taxes at the end of the year.
Our team at Commercial Tax Appeal reviews your property’s assessment records, researches your property, and determines whether or not it makes sense to contest your assessment.
If we do believe you are over assessed we go to work on determining the fair market value based on comps and current market conditions. Once our research is completed we create 3 Value Conclusion of your property to determine your properties worth. These conclusions include: a broker opinion, an income capitalization approach, and a market approach.
Upon review of the valuations we create an adjusted value to present to the assessor. We present our case and meet with the assessor during the “open book” period. If the desired results are not achieved we can proceed to present your case at the “board of review”.
We work on contingency so there is no cost to you unless we are successful and save you money. There is no administrative fee or appraisal charge. You have no “out of pocket” costs or risk. Our fee is 50% of the first year tax savings, this is based off the most current know tax rate.
If you do nothing, you pay the entire tax bill at the end of the year, with no possible savings.