Commercial Property Tax Appeal

There are multiple commercial property valuation methods used to determine the current market value of real property. The most common valuation methods used are the Cost Approach, the Income Approach, and the Market Approach.

• The Cost Approach:
  The cost to duplicate, less depreciation, plus land value.
  
  
• The Income Approach:
  A capitalization rate is applied to the stabilized net income that is generated by the property.
  
  
• The Market Approach:
  A parameter is premised upon what other nearby comparable properties sold for (i.e. regression analysis when a very large sampling is analyzed). The most powerful and persuasive form of evidence that can be used to prove market value is through professional assessment of value. The appraisal gives the assessing official tangible data to base on market conditions.
  
  

Presenting aggressive and accurate market information is essential in developing a persuasive devaluation argument to the Tax Assessor. Confidence in one’s arguments and willingness to carry the appeal to the Tax Appeal Board are essential characteristics of success. Meissner Jacquét is committed to this effort and applies the combined efforts of its executives to establish and present the presentation materials in a positive, productive, and persuasive manner.