A Complete Understanding Of Tax Issues
Issues involving commercial real estate taxes can be complex. With more than 20 years of experience in the practice of commercial real estate law, plus my background as a city planner, I have an in-depth understanding of the laws that apply to commercial real estate. Plus, I am well-versed in the process for reducing your property values for tax assessment.
How To Reduce Your Commercial Real Estate Tax Bill
In commercial real estate matters in Indianapolis and central Indiana, it actually is possible to reduce your tax assessment.
Commercial property taxes in Indiana are assessed according to a strict valuation criteria based on business revenue. Municipalities are required to be fair when determining a market value for the immediate area. Property tax assessments are done en masse, so assessors may not be aware of issues specific to your property that could reduce your property tax bill.
Under new provisions that became state law in March 2014, it is up to the government entity to demonstrate that it has used a fair assessment value. To win a reduced property value assessment, it is necessary to demonstrate that the assessor did not apply an appropriate evaluation process when determining the value for the specific geographic area of the property.
A successful tax appeal requires input from independent experts and a clear demonstration of evidence that the potential for revenue from the commercial enterprise does not warrant the assessed value for the tax year.
If you have concerns about your commercial property tax assessment and need an attorney, call my office or contact me online. I will prepare the strongest case possible and strive for a re-evaluation.
Going Beyond Tax Appeals
In addition to my legal counsel for commercial real estate tax appeals, I represent clients in a variety of other tax issues, including:
- Audits and offers in compromise
- Tax litigation defense
- Tax sales
- Tax surpluses
- Quieting title
- Internal Revenue Code (IRC) Section 1031 capital gains tax exchanges
- Land use and zoning issues regarding appropriate tax value assessments