Property taxes apply to commercial and residential real estate, but you must ensure that what you pay is what’s actually due. Taxing authorities may make errors when they calculate the taxes your company owes. This might be due to using an inflated value or something...
Some people might see a company that challenges its taxes in a bad light. They might think the business owner is looking for ways to avoid contributing their financial dues, while happily taking advantage of all the services taxpayer money gets them. In most cases,...
Anyone who owns a commercial property in Minnesota pays a property tax. Several factors determine the amount you pay, including your property value and the estimated market value. Thus, it is vital to know how this tax type works. But why does Minnesota charge...
As a commercial property owner, you have an invested interest (literally) in making sure that you maximize your profits and minimize your expenses. That means it’s automatically distressing to get hit with a property tax bill that seems ridiculously high. The reality...
The benefits of owning a commercial property cannot be overstated. Unfortunately, owning a commercial property also has another side: costly property taxes. Although most commercial property owners view these taxes as a fixed cost, this isn’t the case. Fortunately,...
Business owners are often interested in profit margins. They know that they need to spend money and that the company is going to have a certain amount of expenses. There’s no way around this, so they don’t view it as a loss. They just want to see how much money...
If you’ve been a business owner over the last decade, you’ve probably seen your property taxes go up year after year. You may feel like taxes do nothing but go up and that it’s always going to be a financial liability as you have to pay more and more money to the...
Tax assessors can make a number of different errors as they determine the value of a commercial property. If the property is overvalued, owners can be assessed more in property taxes than they rightfully owe Unfortunately, commercial real estate owners often don’t...
Amid widespread talk of a coming global recession, it’s important to consider how a recession can affect commercial property values. A recent analysis by commercial real estate (CRE) brokers Cushman & Wakefield looks at – among many other things -- the impact of a...
Minneapolis is one of many cities where the demand for office space has fallen dramatically over the past few years. That is causing big problems for city authorities. Vacancies are well over the national average of 18%. In downtown Minneapolis, they are at 30%, and...
