Commercial Property Tax Protest | Keys To Having Success
If you have commercial property, you'll have to pay property taxes on it. They can go up over time, which is something you can protest. Just make sure you take these actions when doing so.
Gather Evidence
You may have new property valuations come in for your commercial property that ultimately raise your property taxes. If you believe there's a good reason why these taxes shouldn't be raised, then you'll want to gather substantial evidence.
You need a reason why you're protesting in the first place. Then these efforts have a better shot at keeping your commercial property taxes where they are. You just need to gather the right financial documents that prove how much your commercial property is currently worth. You may even need to hire a licensed appraiser to give you a current value that you can use to build an effective case.
Consult With a Property Tax Attorney
There are a lot of rules involved in property taxes and you need to know about them in order to have a good shot at winning a property tax protest. Fortunately, you don't have to learn these rules yourself because they'll already be understood by a property tax attorney.
You can hire one and then see exactly what you should do about an increase in property taxes. They may say you have a good shot and thus recommend a protest or might suggest against it. Either way, you'll get advice that's backed by years of property tax experience.
Figure Out a Proposed Value
If you plan to go forward with a property tax protest, then you need to come up with a proposed value for property taxes you think are fair. You need to have a reason for this value so that you have a good shot at having your protest go through successfully.
Again, you can talk about this proposed value with a property tax attorney. They can find out current tax values in your area and then see what a fair tax rate should be for your specific property. This way, you have concrete data to support your protest.
Some homeowners don't always agree about how much their property taxes go up by. If you're put in this situation, you have the right to protest. You should do so if there are credible reasons to go through this process. If there are, it helps to be methodical in your approach so that you avoid stressful hurdles.
For more information on property tax protests, contact a professional near you.