Western Property Advisors routinely reviews the assessments of real estate portfolios. Opportunities to save in taxes may result from recent market value changes, prior year assessment enrollment issues, construction/renovation assessment changes, changes in occupancy in either the subject or the market, or change in physical condition or market conditions. We have the ability to conduct an initial review from a property list, and can coordinate appeals statewide and nationwide.
For Safeway, Vons, and the US Postal Service (leased property), our professionals conducted portfolio reviews and appeals yielding significant tax savings for several years.
Western Property Advisors excels in reviewing and evaluating commercial property taxes in California. Our expertise lies in analyzing assessments. By employing analysis centered on market value, we address inflated property tax assessments, leading to equitable tax savings for our clients. Our analysis of current market conditions, comparable property values, and other relevant evidence fair and often results in accurate assessments, resulting in reduced property tax burdens.
Now, let’s dive into effective methods and considerations specific to reducing property taxes for commercial properties in California using market value. It’s important to note that the process of addressing commercial property tax assessments can be complex, with financial implications if mistakes are made. To optimize your chances of success and avoid potential pitfalls, we recommend contacting Western Property Advisors. Our expertise in commercial property tax assessments provides guidance on the property taxes for your portfolio in California.
Adjustments to commercial property tax assessment to reflect market value is a complex undertaking that requires careful consideration and guidance. California’s commercial property owners can leverage the assessment appeal process, Proposition 13, and Proposition 8 to potentially lower their property tax burden on multiple properties in their portfolios. By understanding the nuances of the commercial property tax system and seeking professional assistance from Western Property Advisors, property owners can navigate the process effectively and increase their chances of achieving accurate assessment reductions. Contact Western Property Advisors today for a consultation and discover how our expertise can help you save money and achieve fair property tax assessments based on the true market value of your property.
Director, Valuation Services