Commercial Property Tax Appeals

Shoes

For many commercial rental properties, real-estate tax remains the single largest operating expense. Diminishing this burden not only augments the profitability of an asset but has a direct and immediate effect on the stability of the existing tenant population, the asset’s attractiveness to potential tenants, and underwriting assumptions. For corporate-occupied and owner-occupied commercial structures, reducing the assessment burden is a key determinant of profitability.

An effective assessment appeal protocol remains critical to stimulating earnings for commercial properties, whether in a metro office market or its surrounding suburbs.

Siegel & Callahan’s commercial property representations include:

  • office buildings,
  • shopping centers,
  • hotels and motels,
  • restaurants,
  • commercial retail,
  • gas stations, and
  • franchises.

New Acquisitions

We recognize that the months immediately following an entity’s acquisition of a newly developed asset or a recently acquired existing asset remain critically important. Our deep experience working with owner/operators, developers, brokers, and investors helps us drive growth for our clients at every stage of a new enterprise.

The Effects of E-Commerce and Omnichannel Commerce on Retail Properties

New models of e-commerce and omnichannel commerce have had a significant impact on retail assets as the shopping industry reinvents its supply chain to adjust to these new operational models. Supply chains must now remap their logistics across the commercial landscape. Asset class valuation now depends not only on property characteristics and size, but also more critically, on access to modes of transport and other resources more typically associated with the industrial property class. Our deep network of real estate professionals ensures that our clients leverage the emerging issues that complicate valuation models to secure a rigorously equitable tax profile.

Vacancy

Vacancy often gives a raw voice and disconcerting face to the market forces that pull business away from an individual property or out of a local economy. Recent changes in vacancy treatment by assessment practitioners on the government side have made critical tax relief for properties that struggle with vacancy both challenging and elusive. Now more than ever, our layered understanding of how vacancy manifests quantitatively in market and income analysis can dramatically reduce recovery time needed to restore profitability to economically compromised properties.

As the practice of valuation embraces data modeling, the discussion of analytic efficiencies and systems transparency can distract from the impact of a redistributed tax burden onto commercial market sectors. It is imperative to maintain focus on the specific narratives that drive equity for the individuals and properties we represent. Let us show you how the collaborative insight of our internal strategic teams, commercial property lawyers, and experienced professionals can powerfully augment the success of your commercial enterprise.