To err is human. However, as far as tax is concerned, one small oversight can have far-reaching implications for your business. A problem with your tax return could mean a visit from the IRS, penalties or even delayed tax refunds. Regardless of the size of your...
If you bought commercial real estate as an investment, you will be pleased to see prices in the area rising. Yet, if your next tax bill is also higher, you will be less thrilled. Are the two related? They might be. Here is how property tax works. First, the county...
In the last several years, there’s been a sea change in the way that people live, work and shop. Internet shopping has virtually ended the self-contained mall, devastated strip malls and caused a lot of other businesses to close. Many of the retailers that remain are...
Local authorities depend on taxes levied on commercial and residential property owners to cover many of their outgoings. Yet when you see your bill rising, there may come the point where you stop and say enough is enough. Local authorities have several ways of funding...
Your commercial property tax bill arrives, and you think the figure is too high. What now? Understanding the five progressive steps will be crucial to giving yourself the best chance of reducing your bill. Your tax is calculated in January, and you have until April 30...
When your commercial property tax bill arrives, you might moan and groan about how it has risen. Yet if you are like most people, you probably just pay it. Have you ever stopped to think that maybe you shouldn’t? While you cannot just refuse to pay, you can file an...
Until a couple of years ago, there was a high demand for city center office space. Owners of those commercial properties could expect to charge a considerable amount of rent to companies desperate to place themselves in central locations. Then it all changed. Once...
Whenever you look to contest a decision that someone else has reached, your key line of investigation should be to assess how they reached their decision. Local tax assessors have the job of assessing your property’s value. This is then fed into an equation by the...
Your commercial property tax bill will land in your mailbox in January of each year. It can be tempting to file it away to deal with later as you do not have to pay it until April and October of the following year. When you operate a business, there is always...
To understand if your commercial property tax bill is correct, you need to know if the property value used to calculate it is accurate. Remember that tax appraisers have thousands of properties to assess, so they may not take the time to investigate each property...
