Opportunity: ThreeFive provides Real Property Tax expert valuation and appeals services to our clients which positively impacts their budgets due to paying the proper amount of property tax.
Implementation: The assessed values of real property throughout the country is typically performed by county assessors. The assessment is intended to reflect the current fair market value of the property. However, assessments often fail to achieve their intended result for many corporate office buildings, manufacturing, warehouses and other types of structures all over the United States because of ever-changing business variables. ThreeFive’s real property valuation and appeals services provide organizations with the opportunity to review assessments and seek to realign them with the current fair market value, which often results in significant reductions to the tax liability. ThreeFive will review your real property holdings based on the cost, sales and income valuation approaches. The completed analysis is utilized to seek an adjustment to the value where applicable. If the assessed value cannot be adjusted using this proactive approach with the local assessor, an appeal may be prepared to bring your valuation to the local administrative board and if necessary to the applicable tax court.
The property tax experts, with over 35 years of property tax experience, collaborate with you and the taxing authorities to negotiate the appropriate value of your property. The property tax team utilizes their extensive knowledge and experience with local counties, boards and courts to achieve the proper result for your organization.
Result: Once completed, the result is an agreed upon assessed value and results in lower property taxes paid on your organization’s real property.