Property Tax Mitigation
What are the Benefits of Property Tax Mitigation?
The immediate benefit is the reduction of taxes owed and the potential of refunds on prior taxes paid. The future benefits would similarly be a reduced tax burden going forward, producing an increased cash flow for the business. The Property Tax Mitigation services of GMG are without charge unless there is a successful outcome in the reduction of the annual assessment. Upon completion of successful mitigation efforts the fee is 50% of the first year savings only.
Reducing your Property Tax Through Mitigation
The single largest recurring charge for commercial property owners, outside of income taxes, are Property Taxes. Most states require owners to pay taxes on both their real estate as well as their personal property. These charges are often a substantial expense and a constant drag on profitability. To ensure that you are not being overcharged on your Property Taxes, an industry specialist with extensive market experience in valuation, tax, and law should be retained. Click Here for Sample Property Tax Savings
We are networked with an experienced team of professionals in mitigation, valuation, assessments, and law. Our partnered team members will work on your case to identify any potential opportunity for refunds and/or reductions in your current property taxes. All of the work will be on your behalf until savings are captured, including partaking in hearings and filing necessary paperwork. Our team acts as an extension of your company toward the governing property tax bodies. Click Here for a Preliminary Property Tax Reduction Estimate.
Who Qualifies for the Program
Any Commercial Property Owner who pays over $30,000 per year in Real or Personal Property Tax is worthy of a free review to determine potential reduction opportunities. Industries that are more likely to have success are: Automobile Dealerships, Hotels, Retirement Homes, Manufacturing, Retail Plazas, Restaurants and Office Complexes.
What are the Benefits
The immediate benefit is the reduction of taxes owed and the potential of refunds on prior taxes paid. The future benefits would similarly be a reduced tax burden going forward, producing an increased cash flow for the business.
A simple contingency engagement with our service partners will get the ball rolling. You will need to provide your most recent property tax assessment as well as an authorization for us to work on your behalf. Our team will then go to work for you! When a savings/refund is secured for you, fees will simply be a percentage of what you receive as a result of their work. Their is no charge to you the owner if there is not a positive outcome.