Commercial Property Values Impacted by COVID-19
As a result of the pandemic, sales of
commercial properties valued at over $2.5 million were down by 56% in 2020. The most significant
declines were in the hotel/hospitality industry, with retail and office
property not far behind. Not only were
sales down, but property values declined substantially in every property class
except industrial/warehouse properties and apartments. Retail properties were affected as consumers moved online to make purchases. Office properties will forever be impacted by work from home business strategies.
If your property value increased, it only makes sense to appeal. Even if your property's assessment decreased, you should lock the value. If your property is under lock and is not a warehouse/industrial property or apartment, we can argue for a further reduction.
Most of all, if you have been directly impacted by COVID-19 we can help you reduce your value.
Real Savings for Real Business Owners
Shanaya had her assessed value reduced $1,308,300 on her motel located in Gwinnett County. Her savings total $54,821 over three years.
William had the assessed value on his senior living facility reduced by $9,879,010. His savings total $359,793 over three years.
Don't pay more than your competitors.
Our Service Values Communication
We answer every call and respond to all voicemail and email messages without delay.
What We Do For You
Our expert staff collaborates with other professionals to design and implement an effective tax appeal
We prepare an opinion of value based upon Comparable Sales, Cost, and Income
We personally prepare and deliver your tax appeal
We document the process
We attend informal meetings with the assessors
We attend Board of Equalization meetings and submit all required data to the Boards
We respond to your email or phone call promptly
What Do You Need to Do?
Fill out the Service Agreement
Make your payment online or by mail
Participate in a brief interview with our staff to discuss your property
Check your email for updates