Commercial investors should consider tax appeal

As commercial real estate investors look for ways to brace themselves against prolonged weak market performance in troubled regions nationwide, those whose properties have decreased in value should consider property tax appeal. At the heart of the discussion lies the potential for significant tax savings through a reduction in the property’s assessed value via an appeal.

Commercial property values can fluctuate due to a multitude of factors such as weak tenant demand, rising interest rates, and cap rates. Leveraging the appeal process can be an effective tool for reducing tax liability and improving overall investment performance.

At Valbridge Property Advisors, we specialize in navigating the complexities of property tax assessment appeals, leveraging our decades of experience in commercial real estate appraisal and our deep understanding of local market dynamics. We have the knowledge and experience to assess the feasibility of a property tax appeal and guide our clients through the process with precision.

Valbridge stands out as a reliable and seasoned provider of property tax appeal services. Unlike many others, we don’t charge contingency fees, ensuring transparency and fairness for our clients. Additionally, as professional real estate appraisers, we maintain a respected position with assessor’s offices and appeals boards, advocating solely for our opinion of value. We meticulously prepare and submit appeal and valuation packages to the county, serving as our clients’ agents, handling paperwork diligently and frequently collaborate with clients’ legal counsel for the best odds of success.

Property tax appeals processes vary by state and county; rely on seasoned experts in your market to provide the support you need.

Gene Williams is managing director of Valbridge Property Advisors.