REASONS TO APPEAL YOUR PROPERTY ASSESSMENTS

Peter Austin

Why should landlords and property managers care about property tax?

1. Obtaining reductions can reduce total operating costs;
2. The building will be more competitive when leasing space;
3. The building will be worth more in the future;
4. Maintaining a competitive and equitable assessment provides value to properties performing well, and significant tax relief to owners of properties experiencing valuation concerns based upon physical or market circumstances;
5. Higher net rents increase values.
6. It is good tenant relations to return a tax cheque at year end;
7. A review shows the tenants that the landlord cares.
8. Fiduciary duty