Real Estate Tax

Real Estate Tax Assessment Review and Appeals

  • Real estate taxes are often the single largest component of operating expenses for income producing real estate, representing between 20-30% of total annual property operating expenses.
  • We have a proven record lowering property real estate tax assessments by 10- 15%/ per year for clients.  This reduction translates into higher property NOI, more cash flow, and higher property values.
  • Real Estate Tax Accounting has its own set of books.  Income and Expense Adjustments are necessary and we know what works and what does not.
  • We can achieve these results because we are owners and understand how expensive it is to own and operate income producing real estate.

In order to determine the feasibility of a property tax appeal, all we need is the following:

  • Year-end financial statement,
  • Property tax assessment with the commercial worksheet, and
  • 24 hours to turn it around.

In 2015, we saved $500,000 in real estate taxes across numerous properties.  2016 is looking to be even more successful!

For additional information on the 2015 tax appeals, please click on this link: AP Consulting 2015 Case Studies

For real estate tax assessment and appeal deadlines in the District of Columbia, Maryland, and Virginia, please click on this link: Key Dates for Real Estate Tax Deadlines 2016-2017.

In order to ensure our clients’ tax appeal needs are met at all levels of the appeal process, Advantage Properties has teamed up with David Freishtat, a highly respected and accomplished attorney at Shulman Rogers, to handle appeals that need to be made at tax court, the third level of the appeal process.