We have written a series of blog articles dealing with property tax assessments. Since the final reassessment notices have gone out in the past few weeks, I have talked with a number of people about appealing their assessments. Two questions come up in every conversation. They are:
- Do I need to get an appraisal of my property?
- How much will this cost?
For a commercial or industrial property, you nearly always need an appraisal in order to reduce your assessment. I have spoken with a number of commercial real estate appraisers, and even former members of assessment appeal boards. They (and I) believe that the Assessment Appeal Board will not even consider reducing the assessment of a commercial or industrial property without an appraisal report from a qualified commercial real estate appraiser. Continue Reading How Much Will a Property Tax Assessment Appeal Cost for Commercial Properties?