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Posts tagged "Commercial Property Tax Appeals"

Top Reasons To Appeal Commercial Property Values

In Missouri, business owners and property managers receive tax assessment notices on the properties they own or manage every two years. But are the assessed values accurate? There is a possibility your property may have been assessed incorrectly as some counties use a computer mass appraisal system to arrive at the fair market value.

Business Property Owners: You may not have to accept what the tax assessor says you owe

When you receive your commercial property tax assessment, do you simply grumble for a bit and then pay it? It might surprise you to know that as many as 60% of properties nationwide receive too high an assessment, according to the National Taxpayers Union. And only a small percentage of people appeal tax assessments, sometimes as low as 2%.

Is your commercial property assessment too high?

If you have not yet received the tax assessment for property you own, you can expect it in the mail soon. The assessment shows you the jurisdiction's estimation of the value of your property, which then determines the amount of taxes you will pay. Like many business owners, commercial property owners and owners who rent property, you probably want to keep your taxes as low as possible. This may be difficult to do if you receive an inflated assessment of your property's value.

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