Commercial Property Tax Appeal
No upfront costs and no fees until savings have been achieved
Local representation and expertise
We'll handle the process end-to-end
Industry-leading market intelligence
Property tax is the most significant variable operating expense for commercial real estate owners and occupants. As current economic challenges continue, it is more critical than ever to manage these costs and keep overheads to a minimum.
Assessments are prepared using mass appraisal techniques and may not capture the specific circumstances of individual properties. If you have not had your property assessment reviewed, you and your tenants may be paying more property tax than you should.
The Consulting & Advisory Division of M&Y International provides commercial property tax consulting services to annually review property taxes to determine whether or not a particular property is over-assessed relative to its fair market value. The review also includes assistance in responding to income and expense requests from the municipality. Property taxes are often the single largest operating expense for commercial properties. As such, property taxes should be reviewed annually and very carefully. In conjunction with that service, if a property is determined to be unfairly assessed, M&Y International through its in-house lawyers and professionals along with professional appraisers will file a tax appeal on the property. A property tax appeal is an excellent method for reducing annual property costs. The general filing deadline for property tax appeals is April 1st, unless there has been a municipal wide revaluation, which may alter the filing deadlines slightly. M&Y International will provide you with the exact filing deadline for your particular property, and will also provide you with a no-obligation review of your property taxes to determine if an appeal is warranted.
