If a property owner believes that their investment property has been incorrectly valued by the County Assessor, for the Tax Year 2020, the deadline to appeal is June 1, 2020. Less taxes could mean more rent. Items to consider are recent sale comps, past 2 years of occupancy, correct building assumptions (square footage, lot size), etc. Read more here about the process.
Please reach out to our team at Blue West Capital to further discuss your building’s assessed value and the options you have to reduce the assessed value.