Now Automated – Property Tax Assessments for Business Property Owners

By Robert A. Hill, property tax attorney and president, Robert Hill Law, Ltd.

Your business property has just been assessed and marketplace knowledge tells you this tax assessment just doesn’t seem right. What to do next?

You need additional facts and you need them quickly. You want a simple means to efficiently find hard facts and determine whether there’s the leverage to save your business hundreds of thousands – or millions – of dollars over the next few years.

We’ve built a proprietary software that offers an unequaled property tax assessment analysis. It’s fast (often completed in minutes), collecting and presenting the facts to prepare a case against the assessor’s valuation. No other property tax firm in the United States has built anything like it.

After a short conversation, we only require a copy of your property tax statement. Results are often tabulated within minutes. To engage our team is simple. Contact us by phone at 952-426-7373, or via our Contact Form. Since we work strictly on a contingency fee basis, there is no risk to you – only the reward that comes from a substantially reduced tax assessment in line with market principles. Put a team of relentless advocates to work for you.

Property Tax Reduction Case Studies:

  • Big Box Home Hardware Retailer – $9 million in savings over three years
  • Big Box Pharmacy Retailer – $2 million in savings over four years
  • Minnesota-based Food Retailer – $3.7 million in savings over three years
  • Well-known Food Brand – $250,000 in annual savings

bobAuthor Bio:

Robert “Bob” Hill has, for over three decades, successfully represented major companies in property tax appeals through both negotiations with tax assessors and litigation. His dedication to his clients has helped businesses throughout the United States save tens of millions in property taxes. Mr. Hill has earned Martindale-Hubbell’s highest peer review rating of AV-Preeminent for his legal knowledge, communication skills, high ethical standards, and his representation of clients in significant property tax cases.

industrial properties

Hidden factors can lead to overtaxed industrial properties

Industrial properties present special challenges to property assessors. As drivers of the economy, these properties are large, visible structures in the community, home to expensive equipment and activities that generate revenue. In smaller communities, industrial properties are often the main commercial tax base for municipalities. All of these factors make industrial properties opportunities for over-assessment.

Even with a well-maintained piece of industrial property, there are hidden factors that can drive down the true economic value of the building and property. Many hidden factors may differentiate a property from comparable recent sales, even if they appear similar on the surface.

For example, if an industrial property was built more than 30 years ago, there is likely asbestos insulation, antiquated HVAC systems and contaminated real estate. These considerable and costly building code and environmental issues would have to be addressed during any property repurposing, renovation or addition, and could substantially drive down the value of a property during a sale.

Another possible cause of over-assessment comes from elements inside the building, such as a productive workforce employing expensive machinery. These economic factors are a valuable going concern to the owner. Some property tax assessors impermissibly consider a property’s overall worth to an owner in determining assessments. A productive workforce and expensive equipment make a property more profitable to your company, but should not be used to artificially inflate its valuation.

Three questions CFOs should answer about their property assessment are:

  1. Could I sell my industrial property for the same assessed square foot value?
  2. Could I build or buy new comparable property in the larger community for the same assessed square foot value?
  3. Would it be economically feasible to bring the property up to current code and remedy any environmental issues, and continue my current business in the property on its current profit structure?

If the answer is no to any of these questions, it’s time to consider consulting with a professional property tax attorney about a reassessment. A bad financial year for business does not drive down the value of a property or generate a property tax rebate, but the converse is also true – a profitable business in an aging building does not justify settling for a higher property tax assessment.