News: Record Year for Tax Appeals

March 28, 2009

Put together declining property values, governmental budget increases, distressed property owners and assessment ratios that kept declining — and the year 2009 may be the perfect storm for tax appeal filings. Attorneys and property owners are filing appeals in record numbers as the April 1 deadline approaches.

Ok. You’ve filed a tax appeal. Now what?

Making the case for a tax appeal is going to be a tremendous challenge. The decline in the market has slowed transactions and data points are going to be a challenge. With things at a virtual standstill in many parts of the state, the use of comparables is going to be tough. There simply may be no comparables.

VRG can help commercial property owners and their tax appeal attorneys make their most cogent case possible. No it won't be simple, but our experience, knowledge of the markets and thoughtful analysis may make all the difference between a dismissal and a significant reduction. Give us a call to review your case or filing. We can help you strategize, analyze the case and help resolve a complex situation.