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2012 Presentation
- 1. Commercial Tax NetworkWelcomes Property Owners To Property Tax Relief In 2012 #protesttaxes
- 3. Property Tax ConsultantServices Services: (Partial List) Real Estate Assessment Appeals Industrial Property Representation Informal Property Tax Hearings Compliance Formal Property Tax Hearings Property Tax Litigation Support Filing Property Returns/Renditions Personal Property Representation Audit Property Records for Accuracy & Fair Valuation Audit Asset Lists for Accuracy File Freeport Exemptions Determining Eligibility and Filing for Exemptions
- 4. CTN’s Methodology/Business Process“ To create a responsive, accountable, and economical tax program for your company. Commercial Tax Network has a solid business practice that ensures quality control throughout the entire course of the appeal process. For detailed information about CTN’s methodology, please refer to CTN’s brochure or website.” Step 1 – On Site Inspection Step 2 – Data Analysis and Collection Step 3 – Create Consultant Report/Appeal Summary Step 4 – Senior Consultant Evaluation of Appeal Strategy Step 5 – Informal Hearing Process Step 6 – Formal Hearing Process Step 7 – Litigation Process Step 8 – Lessons Learned / Information Capture Step 9 – Generation of Tax Savings Reports / Invoices
- 5. Commercial Tax NetworkOverview Property Tax, Appraisal & Commercial Brokerage Firm Over 100 Years of Experience Founded in 1990 – 21 years of service in the industry Manages over 1900 clients Manages over $3 Billion in Assets Real Property – Over $2.8 Billion Business Personal Property – Over $240 Million Nationwide Coverage Capability Main Office in Houston, Texas and our Southeast Regional Office in Fairburn, Georgia BBB Awards for Excellence – Winner Of Distinction 3 years in a row
- 6. Personnel Overview Real and Personal Property Experts Certified Appraisers Senior Consultants Former Appraisal District Employees Real Estate Brokers
- 7. Real Estate AppraisalServices What is your commercial real estate and personal property worth today? Have you considered refinancing or securing additional lines of equity backed credit? Are you contemplating building a new office or acquiring improved or unimproved sites to expand your business? Rather than guess the value of your assets and real estate, let us help you make informed financial decisions by providing professional valuation services and consulting. In conjunction with our national affiliates, we can provide the following services: (Partial List) Commercial Real Estate Appraisals Personal Property Appraisals to include industrial, refinery, plants Investment Analysis Feasibility Studies Highest & Best Use Analysis
- 8. What to Protest?Anything of Value – It is Important to Know your property! Identify: What is your property account number? Are there multiple account numbers? Are there multiple districts? Is the account Real or Personal Property? Which approach should your protest be based upon? (Market, Uniform & Equal, etc.)
- 9. Benefits of aProtest Minimize Operating Expenses Maximize Property Value Sends the Correct Message
- 10. Should You Usea Consultant? Do You Have the Time? Do You Have the Data? Sales of Comparable Properties Value of Comparable Properties Market Rental and Occupancy Rates Do You Have an Appraisal Background? Do You Have Experience in Protesting?
- 11. Information Technology Staff& Services IT Staff IT Director – 15+ years experience in programming, database design/development, web design/development & hardware/software support. Network Systems Engineer – 20+ years experience in network design/development, server & desktop hardware/software support. Technology Using specially developed GIS software to produce detailed property information maps. Develops custom software applications to give CTN staff tools to expertly manage & maintain property information. Custom builds PC workstations and servers to ensure top performance.
- 12. Information Technology Staff& Services IT Services & Support Assists your organization in managing property tax processes by: Working with you or your IT staff to organize and structure your property data. Gathering Appraisal District data to populate missing or incorrect property information. Staff has assisted several national accounts organize and streamline property tax records through data exchange programs.
- 13. Thank you forreading our presentation! If your property taxes are killing you… Give us a call today!
- 14. Contact Us Harvey G. English Adam Seiders (281) 897-1119 [email_address]
Editor's Notes
- #9 Know how many accounts belong to this property. There may be more than one account. Additional Land account that was not combined when built or purchased. You may be in more than one Appraisal District because of school district or the property is physically on the border between two Counties. If there is an office on the property, there is probably a personal property set up for Business Personal Property for F&F, Computers, Fitness Equipment, Supplies. There is a different process for Personal Property Rendition and Appeal When filling out the protest form, it is imperative to check the Market Value, Equity, and other . If it isn’t they can deny your ability to compare your property to other similar properties.
- #10 By Appealing the value, you reduce the taxes that are operating expenses for your property. By Reducing the expenses, you increase the Marketable Value of your property. For instance, for every $100 you reduce the taxes; the value increases by $1,000 By Protesting your value, it sends a message to the Appraisal District that you know the process and are aggressively pursuing a lower value and Taxes. If you don’t appeal the value, they assume you are OK with the value or even you feel it is too low and maybe they should increase it next year. It establishes a basis for their opinion. Real Life example
- #11 If you are a business professional or investor, you are giving up a significant amount of time gathering information, watching for Value Increases, going to the hearing, and you don’t have to hurry up and wait. For the hearing alone, you may spend a full day or two waiting for someone to meet with or go to a formal hearing. If you don’t have a database of all apartments in the County or all of the sales in the area, it will take additional time to go to the district to research this information or other places to find it. It’s not on line. Also, you will need to canvass the neighborhood for comparable rents, expenses, and occupancies . If you don’t have an appraisal background , you will not understand all the components of Valuation such as: What the Market rent and occupancies are and why its important, Cap Rates effect on the value and how to determine which rate to use. If you don’t do this for a living and understand the Property Tax Code, it can be very intimidating and frustrating. You may not understand the process, who to talk with, what to bring, and be able to interpret the District records.