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Guidelines to Choose a Property Tax Consultant.

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Presentation on theme: "Guidelines to Choose a Property Tax Consultant."— Presentation transcript:

1 Guidelines to Choose a Property Tax Consultant

2 When you consider to invest in the real estate market, especially in the commercial property, then there are many aspects to look after.

3 One such factor is taking the help of a property tax consultant and the right selection can help you with your burdensome tax appraisal as well as the county tax assessment. One such factor is taking the help of a property tax consultant and the right selection can help you with your burdensome tax appraisal as well as the county tax assessment.

4 A property tax consultant will help to do the job faster and will also make it easier for you as they know every detail of the appeal process. A property tax consultant will help to do the job faster and will also make it easier for you as they know every detail of the appeal process.

5 This includes which documents to file, what facts to compile to make a strong case and how, in the end, to get an accurate value of your property that will definitely save you money. This includes which documents to file, what facts to compile to make a strong case and how, in the end, to get an accurate value of your property that will definitely save you money.

6 Here are some guidelines that will help you to choose a property tax consultant who will advocate for your case in the best possible way. Here are some guidelines that will help you to choose a property tax consultant who will advocate for your case in the best possible way.

7 Evaluate your own situation Evaluate your own situation

8 Before you are able to actually search for or hire a property tax consultant, it is important to evaluate the situation you are in. Before you are able to actually search for or hire a property tax consultant, it is important to evaluate the situation you are in.

9 If you are challenging your property tax assessment, you will need to gather all paperwork and organize the documents. If you are challenging your property tax assessment, you will need to gather all paperwork and organize the documents.

10 It is essential that you have all paperwork to provide consultants as those will help them determine in the proceedings and they can assist you.

11 Also, having documents ready to hand over may help to lower cost as spending more time searching for paperwork always result in loss of time and revenue. Also, having documents ready to hand over may help to lower cost as spending more time searching for paperwork always result in loss of time and revenue.

12 Experience of the consultant Experience of the consultant

13 In the search for the most qualified property tax consultant to handle your property tax issues, the first criterion is the experience in actual commercial property appraising. In the search for the most qualified property tax consultant to handle your property tax issues, the first criterion is the experience in actual commercial property appraising.

14 Most think of property taxes as local taxes but assets such as hotels and offices are unique and have much different valuation issues that need to be handled. Most think of property taxes as local taxes but assets such as hotels and offices are unique and have much different valuation issues that need to be handled.

15 In the case of hotels, locality experience is not as valuable as asset experience and therefore, the best option would be to find a consultant who can handle both the cases with ease. In the case of hotels, locality experience is not as valuable as asset experience and therefore, the best option would be to find a consultant who can handle both the cases with ease.

16 The consultant must have direct knowledge of the appraisal property tax process and the weak points that may affect your taxes. The consultant must have direct knowledge of the appraisal property tax process and the weak points that may affect your taxes.

17 Revenue involved in the case Revenue involved in the case

18 One of the main factor to look for in hiring a consultant is the cost of the services or fees that you have to bear at the end of the case. One of the main factor to look for in hiring a consultant is the cost of the services or fees that you have to bear at the end of the case.

19 The consultant must have a proven track record of reducing taxes in cases and willing to provide their client list, who you can contact for a referral. The consultant must have a proven track record of reducing taxes in cases and willing to provide their client list, who you can contact for a referral.

20 An expert consultant must be able to give a realistic estimation of the amount of money that can be saved on your property taxes. An expert consultant must be able to give a realistic estimation of the amount of money that can be saved on your property taxes.

21 A good tax professional will work on a legit fee and you should be able to develop an engagement that will fairly compensate and motivate the consultant to work hard for the benefit to both parties.

22 Thank You! http://www.martinlandis.com/


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