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...
One of the simplest ways to show that your commercial property tax bill is wrong is that the local tax assessor overvalued your property. A sale evaluation is one of the ways the local tax assessor can value your commercial property in order to calculate your property...
You’re looking for a new commercial space as your company continues to expand. You’re currently weighing the pros and cons of renting or buying. One of the biggest considerations you have to factor in is tax expenses. Could buying a commercial property outright,...
All property owners should pay a fair amount of taxes, but what constitutes a fair rate? Many local governments and their legal allies have been advancing their own theories about the amount of property taxes big-box retail stores such as Walmart, Target and Kohls...
Johnson County in Kansas thought it’d come up with a refutation to the dark-store theory. Rather than appraising commercial property based on the value of the land and value of the building, as is Kansas law, Johnson County Appraiser also taxed owners on the value of...
Minnesota is notorious as a state with one of the highest tax rates in the country. This carries over to our property taxes. However, just because the assessor determines a value and the auditor determines a tax capacity does not mean that the final amount on property...
States and counties have long made it a habit to use commercial property taxes as a honey hole to shore up their finances. They argue that everyone needs to pay their fair share, and the share is more significant for larger pieces of property. In reality, however,...
Because 2020 was a historically difficult year, Hennepin County board commissioners voted to approve a zero percent tax levy increase for this year’s budget. This year, the board has approved a 3.5 percent increase in the property tax levy to pay for $900 million of...
