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Tax, SDIRAs & Cost Segregation

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31
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Mark Lucido
Pro Member
  • Investor
  • The Colony, TX
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31
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Dallas area commercial property tax protest

Mark Lucido
Pro Member
  • Investor
  • The Colony, TX
Posted Apr 23 2018, 19:34

I just received my property tax notice for a commercial office/warehouse space I own.  Two years in and they county is raising my valuation $30K.  I've researched the various protest methods and concluded there's a signficant gap between what the county valued my property at and what I valued it at using the income method.  I submitted my appeal and heard back from the reviewer with additional questions regarding my expenses ("seems the expenses are higher than average for comparable properties").  I'm considering supplying them with my inspection report where the inspector noted several components in either "Fair" or "Poor" condition.  My argument is, since the inspector noted "fair" and "poor" condition, this is proof that the property requires greater than average repair expenses.  Do you think I will succeed with this argument?

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