Do you think you’re overpaying on your commercial property taxes? You don’t want to stress about how your bottom line is affected by your taxes – especially when you’re dealing with multiple properties!
How Can I Lower My Commercial Property Tax Liability?
Property owners can appeal assessments based on equality with similar properties or even inconsistencies with their assessment. At Citrin Cooperman, we’ve developed a proven process for compiling and analyzing data for equal analysis that not only relieves the stress of our clients but also helps with their bottom line.
Reasons to Appeal Your Property Tax Assessment
While property taxes are a necessary part of ownership, inaccurate assessments can lead to overpayment and a severe financial burden. Let’s explore a few key reasons to appeal your assessment so your property taxes aren’t mistakenly affecting your bottom line.
✔
Your assessment included the wrong details of a property.
If you’ve uncovered inaccuracies in the details of your property, like building square footage, leasable area, or condition of the property, you have a solid basis for appeal.
✔ Your assessment valued a property twice.
If one of your properties was valued more than once on your assessment, you can rectify this error through appeal.
✔ Your assessment didn’t value a property similarly to other properties nearby.
If your property's assessment seems inconsistent with the valuations of neighboring properties, you’ll have grounds for appeal.
✔ Your assessment increased above the legal limit.
If your assessment skyrocketed beyond the legal cap in your state, you must file an appeal.
