Appealing An Office Building Value Assessment
If the assessor overestimates the value of your office building, it could be a substantial impact on your tax obligation. When you are already trying to manage tenants and the other details of owning an office building, seeing your property taxes climb can be frustrating.
There can be any number of errors that can lead to an incorrect assessment. The Law Office of Cathy Steele understands what the assessor’s office looks for when it is time for an appeal and what errors are most common.
A knowledgeable lawyer is critical when it is time to appeal the county’s assessed value of your building. As someone who has practiced in this area for over 35 years, attorney Cathy Steele knows what goes into property valuation and how the assessors approach each property.
Catching What Assessors Miss
Owning an office building can be expensive, especially since commercial properties are taxed at a higher rate than residential properties. Higher taxes mean you have to charge your tenants more and hope that they will not find a different place to house their office.
If you believe your office building was improperly valued, you need to talk to a lawyer about appealing the county’s assessment. When you appeal, we can help the assessor consider:
- Vacancy rates
- Income from tenants
- Operating income
Cathy Steele can help you present your appeal to the county Board of Equalization and the Missouri State Tax Commission to re-evaluate your property.