Everything You Need to Know Property Tax Mitigation
Outside of income taxes, the single largest recurring charge for commercial property owners are Property Taxes. In most states, owners are required to pay taxes on both their real estate as well as their personal property. These charges are often an immense expense and a constant hit to their bottom line. To be ensured clients are not being overcharged on Property Taxes, use an industry specialist with extensive market experience in valuation, tax and law to perform your Property Tax Mitigation.
A Typical Service Overview: Most companies consider property taxes to be a fixed cost. However, a review of real and personal property tax assessments often results in the identification of opportunities for lower property tax bills. A property tax review can result in savings up to 10-25% or more of the total real and personal property taxes paid. Savings identified in the current year are typically realized in future years as well. Targeted Industries Hotels, Retirement Homes, Manufacturing, Retail Plazas, Grocery, Office Complexes Minimum Requirements A commercial property that: • Has $50,000 ore more in real and personal property taxes annually
And the wonderful thing is No Savings = No Cost
AUTO DEALERSHIPS – $80,000 AVG
HOTELS – $240,000 AVG
MANUFACTURERS – $270,000 AVG
MEDICAL – $271,000 AVG
RESTAURANTS – $230,000 AVG
FUNERAL HOMES – $153,000 AVG
Best Regards,
Larry Potter