COMMERCIAL PROPERTY TAX REDUCTION
Commercial Property taxes are typically the single largest expense associated with holding commercial real estate.
Commercial property taxes are typically the single largest expense associated with owning and occupying commercial real estate. They comprise as much as 40% of a property’s operating expense. Unlike typical operating expenses that are determined through vendor negotiations and contracts, property taxes are based on a government entity’s opinion of value.
JM Tax Advocates’ team of seasoned experts leverages our extensive national and local experience in reducing real estate and personal property taxes for commercial office, retail, and other medical-related clients nationwide.
Lower property taxes will directly correlate to improved annual operating performance and an enhanced property sale price. That is why JM Tax Advocates takes a complete top-to-bottom approach or investigating and securing opportunities while delivering substantial benefits to our clients in the areas of property tax review, economic incentive procurement, and property tax compliance.
Managing property taxes for commercial businesses can be a complicated and cumbersome to tackle on your own. That’s where hiring an experienced navigator can pay big dividends through improved results while also reducing your burden of monitoring and evaluating ongoing assessments and annual compliance management.
By engaging our team, commercial property owners can typically enjoy lower tax levels by as much as 10% – 50%. Year after year, our clients count on JM Tax Advocates to deliver millions $$$ in savings through our property tax reduction review, annual property tax compliance assistance, and maximum level economic incentive procurement advocacy.
Some recent examples of achieved ad valorem tax reductions while advocating for commercial property owners are:
- Saved community bank $230,000 through successful property tax appeals.
- Reduced local bank’s real and personal property taxes by $92,000 during our engagement.
- Reduced senior living portfolio’s property taxes by $645,000.
- Reduced medical related office and retail portfolio’s taxes by $450,000.
- Substantially reduced commercial office property taxes and saved the landlord $180,000.
- Lowered property taxes by $140,000 for multi property retail operation.
Engaging our team will be a step in the right direction towards your road to success and profitability! Contact us today to start your annual savings plan!
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What is the largest expense associated with owning and occupying commercial real estate?
Property taxes are the largest expense associated with owning and occupying commercial real estate. Unlike typical operating expenses that are determined through vendor negotiations and contracts, property taxes are based on a government entity’s opinion of value.
How can I manage my property taxes for commercial businesses?
Managing property taxes for commercial businesses can be complicated and cumbersome to tackle on your own and is not advised.