How Value Transfers Reduce Property Tax Liability

How Value Transfers Reduce Property Tax Liability

Investment value is not market value for property tax purposes because the excess value transfers elsewhere. But where does the value go? When a new building enters the market with a headline-grabbing development budget, the local tax assessor is often happy to use the value stated on the construction permit as … [Read more...]

How Office Owners Can Help Lower Sky-High Property Tax Assessments

How Office Owners Can Help Lower Sky-High Property Tax Assessments

Managing fixed expenses is the best way to ensure the long-term profitability of investment properties, especially in a flat market. The largest continuing expense for most commercial properties is the property tax bill, and in a market with skyline-defining properties and headline-grabbing sales prices, tax … [Read more...]