Challenge Your Property Tax Assessments
Download PDF- Industry Alerts
Want to get our alerts?
Click “Subscribe Now” to get attorney insights on the latest developments in a range of services and industries.
Holiday cheer is over, and a new year has begun. Like every new year, the time to challenge property tax assessments quickly approaches throughout Winter and Spring. States appear to seek to take advantage of our end of year and holiday celebration by making the timeframe to file administrative complaints challenging tax assessments in close proximity thereto.
Yet, property taxes continue to be one of (if not) the chief operating costs. Ensuring that you only pay your equitable share requires vigilance and, at times, challenging the property assessment(s) to reduce the burden. So, as this new year begins, continue to be of good cheer, by seeking appropriate property assessment reductions in Maryland, West Virginia, Massachusetts, Connecticut, Delaware, Virginia, North Carolina and Ohio. To do so, promptly review those assessments and find properties that are overassessed, filing a grievance challenging their property assessment(s). The following dates for filing of grievances are:
State Grievance Challenge Date
MARYLAND 2/15 for revaluations
WEST VIRGINIA January 31
MASSACHUSETTS 1-Feb
CONNECTICUT 15-Feb
DELAWARE 15-Feb
VIRGINIA 1-Mar
NORTH CAROLINA 31-Mar
OHIO 31-Mar
As noted recently in a business publication, while office rents have risen over the last few years, a growing “glut” in leased space in the market may soon develop, as new space is brought on line, causing pressure on rent growth to possibly reverse. There is also a trend by tenants of using less space, coupled with an expected slowdown in economic growth (some suggesting a recession in the next few years). All of these factors work to potentially reduce property value. Many markets have experienced a slowdown in commercial property sales, with an concurrent decline (albeit minor at this point) in property value.
Industrial properties are showing signs of reduced use in manufacturing, generation plants, and pharmaceutical and chemical plants, including reported layoffs. This likewise can show property values are declining. Over assessment means that the true cash or market value of the property is less than the value reported on the assessment rolls or grand lists of the taxing jurisdiction.
Next Steps
To explore your property tax assessment and pursue a tax appeal, Dickinson Wright PLLC can assist. We apply our valuation experience and provide a baseline analysis and evaluation to determine whether an appeal on your behalf makes economic sense. For appeals, we prepare, file and prosecute the appeal, while seeking a reduced assessment in the most cost-effective manner. We assist clients in managing their property tax management needs across the Dickinson Wright platform, including these states.
This client alert is published by Dickinson Wright PLLC to inform our clients and friends of important developments in the field of tax law. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in here.
Yet, property taxes continue to be one of (if not) the chief operating costs. Ensuring that you only pay your equitable share requires vigilance and, at times, challenging the property assessment(s) to reduce the burden. So, as this new year begins, continue to be of good cheer, by seeking appropriate property assessment reductions in Maryland, West Virginia, Massachusetts, Connecticut, Delaware, Virginia, North Carolina and Ohio. To do so, promptly review those assessments and find properties that are overassessed, filing a grievance challenging their property assessment(s). The following dates for filing of grievances are:
State Grievance Challenge Date
MARYLAND 2/15 for revaluations
WEST VIRGINIA January 31
MASSACHUSETTS 1-Feb
CONNECTICUT 15-Feb
DELAWARE 15-Feb
VIRGINIA 1-Mar
NORTH CAROLINA 31-Mar
OHIO 31-Mar
As noted recently in a business publication, while office rents have risen over the last few years, a growing “glut” in leased space in the market may soon develop, as new space is brought on line, causing pressure on rent growth to possibly reverse. There is also a trend by tenants of using less space, coupled with an expected slowdown in economic growth (some suggesting a recession in the next few years). All of these factors work to potentially reduce property value. Many markets have experienced a slowdown in commercial property sales, with an concurrent decline (albeit minor at this point) in property value.
Industrial properties are showing signs of reduced use in manufacturing, generation plants, and pharmaceutical and chemical plants, including reported layoffs. This likewise can show property values are declining. Over assessment means that the true cash or market value of the property is less than the value reported on the assessment rolls or grand lists of the taxing jurisdiction.
Next Steps
To explore your property tax assessment and pursue a tax appeal, Dickinson Wright PLLC can assist. We apply our valuation experience and provide a baseline analysis and evaluation to determine whether an appeal on your behalf makes economic sense. For appeals, we prepare, file and prosecute the appeal, while seeking a reduced assessment in the most cost-effective manner. We assist clients in managing their property tax management needs across the Dickinson Wright platform, including these states.
This client alert is published by Dickinson Wright PLLC to inform our clients and friends of important developments in the field of tax law. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in here.
Related Practices
Recent Insights
- Industry Alerts Mid-Term Election Fever: Coming to a Workplace Near You
- Industry Alerts DACA Renewal Employer Advisory Alert: The C33 Category
- Industry Alerts Ohio’s Minimum Wage Set to Rise January 1, 2017 and Mandatory Poster
- October 16, 2024 In the News Ralph Levy and Cyndi Moore’s article was recently published in the Journal of Health Care Compliance, "Tax Issues in Issuance or Repurchase of Equity in Physician and Other Practice Groups."
- June 18, 2024 In the News Keith Hagan Joins Dickinson Wright Ft. Lauderdale Office as a Member
- April 3, 2024 In the News Ellad Gersh Joins Dickinson Wright Toronto Office as a Partner
- September 20, 2023 Industry Alerts IRS Orders Immediate Stop to New Employee Retention Credit Claims and Announces Future Settlement Program
- July 24, 2023 Industry Alerts New Michigan Law Significantly Expands Economic Incentives Available for Housing Development and Increases Availability of Transformational Brownfield Projects
- June 21, 2023 Industry Alerts IRS Issues Alerts and Begins Audit Activity Related to the Employee Retention Tax Credit