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...
Richard Nixon was president, Three Dog Night’s “Joy to the World” was the most popular song and “Billy Jack” was the biggest grossing movie of the year. While 1971 might not have been the political and cultural apex of American society, it was a year with positive...
Frequent readers of our Minnesota Commercial Property Tax Appeals Blog will recall a recent post on the Ramsey County Assessor’s Report 2021. Assessor Luis Rosario noted that the future of St. Paul’s office market is unclear, even though similar markets around the...
There's a mix of good news and bad news for commercial property owners in the Ramsey County Assessor’s Report 2021. According to County Assessor Luis Rosario, the report is based on the 2021 assessment (assessed values as of January 2 of this year). Ramsey County’s...