According to a recent analysis from the National Taxpayers Union, as much as 60 percent of the nation’s real estate is over-assessed. That means, if you own business or residential property, there’s a reasonably good chance you’re paying too much in property taxes.
There are several reasons for this state of affairs. For one thing, when real estate booms, assessments increase. When real estate values fall, however, assessments typically don’t follow suit, because they occur infrequently. In addition, local governments have little incentive to reduce property taxes, since they directly benefit from those revenues.
Most homeowners and small business people simply assume there’s nothing they can do to lower their property taxes. Although it’s true that the process is neither simple nor automatic, many property owners have been successful in reducing the amount of their tax assessment and the property taxes they pay.
To increase your odds of success, you should adopt these seven proven strategies to avoid paying more in property taxes than you need to:
The process involved in lowering your residential or business property taxes is, admittedly, complicated. To increase the odds of your success, your best bet is to engage an experienced property tax attorney who knows the ropes. The best property tax attorneys will possess the advocacy skills necessary to fight aggressively on your behalf. Considering how much money lower property taxes can save you, it’s an investment you won’t regret.
Brandon and his team have proven they can perform with any product type we give them,
from industrial and office property to single and multi-family residential.
At a critical time when a property was in lease-up, we were faced with an unreasonable and unjustified assessment.
Brandon’s tenacity and responsiveness resulted in a fair assessment and the largest value change I've seen in my career.
Outstanding!! These guys are pros - they are great at what they do and great to work with.