If you’re a commercial property owner or investor, then you’re likely keenly aware of the property taxes you’re paying. Depending on the size and value of your property (or portfolio of properties), taxes could cost you tens or even hundreds of thousands annually.
Unfortunately, in today’s competitive real estate market, properties are routinely over-appraised, which means not only are you paying more for your commercial property at the outset — you’re also likely paying taxes on an inaccurate (and far too high) valuation every year that you own it.
Do you want to lower that valuation and pay less in taxes? Consider a commercial property tax protest today.
The goal of a commercial property tax protest is to lower the appraised value of your property or properties. If successful, a tax protest ensures you are only taxed against your new, lower valuation — both this year and every year you own the property moving forward.
If you own a number of commercial properties or a portfolio of investment properties, you can certainly protest the value on any or all of them. However, in order to ensure the highest likelihood of success, you may want to work with a tax adviser to determine on which properties the valuation is most off. Recent market analysis of commercial property is often the best way to assess this.
If you think your commercial property taxes are too high, they probably are. The competitive commercial market has led to over-inflated valuations, and it’s costing property owners like you thousands of hard-earned dollars every year.
Do you want to stop paying more than you should? Then let Five Stone Tax Advisers help. With the largest average tax reductions in the industry, we can ensure your commercial property tax protest is a success.