Commercial Real Estate Property Tax Consulting

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Thomson Reuters can help you reduce your commercial property tax liabilities with an unequalled portfolio of comprehensive property tax services, including assessment review, management, property tax consulting, and compliance assistance.

The commercial real estate consulting service of ONESOURCE Property Tax are tailored to meet your needs. Our national strength enables us to manage and appeal large property portfolios, while our local presence and experience leads to unparalleled appeal results.

Our commercial real estate consultants focus on a variety of current issues to reduce your property valuations, including:

  • Volatility in capital markets
  • Increased construction costs
  • Comparing capitalization rates for leased fee and fee simple estates
  • Conditions of sale adjustments (cash equivalency, 1031 tax exchanges, REIT acquisitions, and out-of-state buyers)
  • Reserve allowance and deferred maintenance deductions
  • Treatment of tenant finish-out and commissions
  • Investment value versus market value

Services for the Commercial Real Estate Industry

  • Property Tax status determination

  • We provide back-office administrative functions to determine tax status for all real property parcels. Some services include:

    • Create a customized database
    • Enter current assessments
    • Create a tax calendar
    • Verify correct ownership
    • File ownership changes

  • Property Tax bill administration

  • We will track, maintain, and transmit all property tax bills on your behalf.

  • Property Tax Assessment review

  • Each real property account will be analyzed using cost, market, and income approaches, where applicable, and compared to the assessed value for appeal determination purposes. In addition, the opportunity for exemptions or special valuation treatments will be explored to lower costs.

  • Property Tax Appeal determination & appeal services

  • If it is determined the proper course of action is to appeal the taxable value of a property, a mutually agreed target value will be set, and we will file appeal documents, prepare your case, and manage all case presentations before any informal or formal panels.

  • Property Tax Exemptions and Abatements

  • We identify available tax incentives, exemptions, and abatement policies. We also work with assessment authorities to establish a method for valuing properties while under construction and during initial operation.

  • Property Tax Litigation Support

  • A large and qualified staff of CPAs, Members of the Appraisal Institute (MAIs), and state-certified appraisers can provide you with oversight and coordination, expert witness testimony, research and analysis, and more.

  • Property Tax Pre-acquisition, Pre-development & Due Diligence Support

  • We analyze property values early, set target values, and issue tax assessment challenges, thereby pursuing tax reduction opportunities that may not have been found otherwise.

Contact us to see how the commercial real estate consulting service of ONESOURCE Property Tax can help lower your tax costs.