Commercial Property Tax

Is your commercial real estate over assessed?

We can help.  Property tax assessors value commercial property based on:
1) comparable sales
2) the cost approach
3) income analysis

Often, a combination of the three methods is used to establish an estimated market value used to calculate your tax assessment and property taxes.  At PropertyTaxBill.com, we compile comparable sales history from the community to establish a comparables valuation. Additionally we utilize the same commercial estimating software used by municipal governments, verifying the accuracy of the cost structure used, when assessors employ the cost approach in valuing your property.  Finally, we analyze financial records provided by you the property owner, in establishing value based on the “income approach” used by the assessor. In combination, these efforts produce a tangible accounting of your property to establish fair market value.  The foregoing efforts are a prerequisite to discussions with the assessor and provide a meaningful basis for reexamination of your property’s assessed valuation.

Our fee is based entirely on results. No fee is charged unless we lower your valuation. Our fee is paid from your tax savings resulting from lower assessed values, and is a one time only, first year only charge (fee is payable when services are rendered). You enjoy 100% of the benefits of our efforts for future years. Our results are verifiable and quantifiable. It’s that simple.

Our contingency fee is 33.33% of the reduction in property valuation multiplied by the prior year’s property tax rate.

Example:

Last year’s tax rate: 2.0% = Mill rate = $20 per $1,000
Property valuation assigned by assessor = $1,000,000
Property valuation achieved by PropertyTaxBill.com = $900,000
Fee = (valuation reduction) X (last year’s property tax rate) X (contingency fee rate)
Fee = $100,000 X 2.0% X 33.33% = $667
Your tax savings are approximately $1,333

 

Challenging your property taxes is easy. If you received a letter from us CLICK HERE and enter your Tax ID# in the box and complete the form.  The Tax ID# is in the upper left corner of your letter. Or just email us with your Tax ID# in the subject line of the email.

If you didn’t receive a letter from us, email us your name, phone number, tax ID# and property address.

We will begin work on your assignment immediately.