When it comes to property taxes, commercial property tax advocates are experts in making sure you have a fair assessment without an undue tax burden. At Lane Property Tax Advocates, we have decades of experience and industry relationships that we leverage to save property owners time and money at tax time. Here are four ways it pays to work with a commercial property tax expert on your next tax assessment.
Commercial property owners who have dedicated property tax firm representation see a reduction in property taxes more than 156% more than those who self-represent. Most owners aren’t versed in tax law or the appeals and arbitration or litigation processes, so it pays to have professional representation.
Assessments and Appeals
Did you know the automated assessment process used by most county appraisal districts typically overestimate the value of your property? At least 50% of appeals successfully reduce property taxes each year, which represents significant savings across a portfolio. An experienced commercial property tax advocate has extensive knowledge on the local county assessment methods and sales and market analysis. They can advise you on appropriate valuations and when to appeal.
When it comes time to protest your property tax value, a commercial property tax expert will guide you in understanding what documents to include in an appeal. These could include rent rolls, operating statements, budgeted costs for new construction, work orders, receipts, photographs and more. At Lane, we provide a convenient online portal to easily upload supporting documents and keep your files organized year after year. Having all your appeals files in one place saves time and the expense of having staff members search for documents from a variety of sources.
Working with a commercial property tax firm often requires no upfront investment. With Lane, contingency fees are based on the amount of your reduction and most clients won’t pay at all unless there’s a successful reduction of the taxable value of the commercial property. Not only is there a taxable value savings, but you also save time and money by not having your staff spend hours on the appeals or arbitration processes. Working with a property tax advocate is a no-risk proposition that saves you, and your staff, significant time and resources.
A commercial property tax firm will fight to make sure you’re not paying more than your fair share at tax time. If you’re ready to see how much you could save on your property tax bill, contact our team of experts and let us unburden your business.