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,...
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...
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...
As a business owner, you’re always on the lookout for investments in commercial property. Thus, it’s important to gain an accurate valuation for every potential purchase. This information is also useful should you decide to sell something in your portfolio. Placing a...
If you own a business, one of the responsibilities you need to take seriously is filing commercial property taxes when they are due. However, this can be a very tiresome and intimidating process, especially if you do not know what to do. Overlooking any aspect of the...
