VALUATION FOR PROPERTY TAX
Cushman & Wakefield’s property tax group offers a full range of real estate and personal property tax related services. Property tax is a core competency of C&W’s Valuation & Advisory group incorporating the skills and knowledge of appraisers, brokers, lawyers and other specialty consultants.
Property tax is typically the largest cost in property ownership after debt-service. Our team is qualified and experienced in all property types and is able to assist clients in managing their property taxes, identifying opportunities for appeal, and representing the client through the process toward achieving reduction.
We work with property manager and owners who are often shouldering more than their fair share of the property tax burden to manage their property taxes.
Property tax assessment protocols and procedures vary significantly by country. Property owners and managers benefit by:
- Understanding the tax assessment cycle of the property’s local jurisdiction, recognizing all deadlines and requirements for property reporting.
- Understanding how both state law and local assessor appraisal methods influence the assessed value.
- Analyzing the property’s assessment level based on market research, proper valuation evidence in the context of state law.
- Recognizing if a property is favourably assessed, for which tax protest would be an unprofitable investment of resource, or could create jeopardy of increased assessment.
- Identifying and pursing all opportunities for tax reduction.
How We Can Help
Tax management and administration
Our experts provide comprehensive property tax services; tracking and auditing tax assessments, analyzing entire portfolios and providing audits of personal property assessments.
We handle all aspects of the appeal process and will prepare, file and negotiate assessment appeals on our client’s behalf.
In instances in which formal appeal lawsuit is necessary to achieve the desired results, we work with lawyers in identifying key issues and developing case strategies. We work closely with the representation to provide context and understanding to the real estate financial, and valuation components and work with counsel in the decision making process.
Adding Value – The Advantages Of Our Approach
Given the magnitude and complexity of property taxes, our professionals provide expertise and guidance in these matters. Our results have proven that valuation expertise represents the single most significant element required in the pursuit of a successful tax appeal.
Experience and Resources
Our professionals have extensive experience, with specialists in virtually all types of commercial, industrial, residential and special purpose real estate. We have the capabilities and geographic coverage to perform property tax related services in a timely and efficient manner.