Property taxes significantly impact real estate operating margins. Across many national markets, property taxes are quite often one of the largest expense items of a commercial real estate asset. Therefore, optimizing profitability requires that sophisticated real estate owners carefully explore all measures to ensure that a property is only burdened by an equitable and current market-based assessment.
Heritage Solutions has assembled the experienced talent and resources needed to carefully evaluate a property’s tax assessment, ensuring that the burden is appropriate under existing valuation guidelines of the relevant jurisdiction. If not, Heritage Solutions will make sound recommendations regarding an appropriate assessment challenge, either through an administrative process or the institution of legal proceedings.
Heritage Solutions has significant relationships with highly regarded and successful attorneys specializing in tax certiorari matters, resulting in appropriate property tax assessments while contributing significant added value to its clients’ real estate assets.