Norris, McLaughlin & Marcus

Property Tax Appeals Can Save Money

It’s that time of year, again.  Tax Time.  Could you be saving money?  Should you file a real estate tax appeal?  Don’t know.  Read on.

One obvious reason for filing a real estate tax appeal is to obtain a lower assessment on your real property and thereby save significant tax dollars. An equally important reason to keep taxes low is to help maintain the value of the property making it more saleable in the event that the tax appeal is successful.

It would be wise to review the assessment on the property each and every year to see whether a tax appeal is warranted. The problem is that most owners of industrial, commercial and apartment properties, as well as tenants under net leases, are not aware that they may be prime candidates for successful tax appeals even after looking at their new assessment.

To read the rest of the alert, click here.

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