Property Tax

In the United States property tax on real estate is usually levied by local government at the municipal or county level. Many commercial and industrial property valuations have decreased in the last couple of years yet the local tax assessor has not lowered either the valuations or tax rates. US property tax rates have actually increased in recent years as local governments desperate for revenues have caused property owners to actively review both the valuations and rates applied. To the multi-location property owner, real property and personal property valuation methodologies vary according to state, county and city codes. They can also vary by industry, specifically by the type of commercial or industrial property. As a result of these complexities and given the impact that property taxes have on the bottom line, owners of hotels, assisted living residences, multi-tenant/ multi-family units, hospitals, industrial, commercial and manufacturing facilities must proactively engage in the inspection of each property to ensure overpayment of property taxes does not occur.

Benefits:

• Retroactive property tax refunds
• Corrected property values
• Capitalize on tax incentives
• Future tax savings