Challenging Industrial Property Tax Assessments
The ownership and upkeep of an industrial building can get expensive. When you get a tax assessment that raises your bill, the overall cost can climb quickly. As an owner, it is essential to stay in control of your expenses for doing business and avoid being overtaxed.
During odd-numbered years, the county reassesses all real estate property. The goal of the reassessment is to determine and update the fair market value of the property and how much you will pay in taxes.
Unfortunately, sometimes the assessor will assess an industrial property too high, causing your taxes and operating expenses to skyrocket. The Law Office of Cathy Steele understands industrial property tax appeals and what it takes to appeal the assessor’s decision.
Building The Case For An Appeal
With over 35 years of experience in tax law, Cathy Steele understands what is at stake for you and your industrial property when the tax burden is too high. When it is time to appeal, we will help you approach the Board of Equalization with evidence such as:
- Recent sales contract
- Income and expense statements
- Information on similar properties in your area
If the assessor valued your property higher than before, it is possible they did not have all the necessary information. It is essential to talk to a lawyer skilled in property tax appeals to help you prepare for a property tax appeal.
Make An Appointment
The appeal process includes many details to ensure the assessor makes an accurate property valuation. We represent clients in St. Louis, Missouri, and throughout the Clayton area. To schedule a free consultation with attorney Cathy Steele, send an email or call 314-732-4238.