![]() There are two ways to determine whether your assessment is fair or not: the traditional market approach, which involves determining the actual value of the asset in one of three ways and the “fair and equitable” approach, also known as uniformity. ![]() ![]() 7 Commercial Property Valuation Methods (& How To Use Them) Don’t have time for appeals? See how CrowdReason property tax software saves you significant time in other areas so you can make time to protest unfair assessments. This post provides information and resources that can help you assess your appeal opportunities, and, should you decide to proceed, support your commercial property tax appeal with factual evidence. So it’s up to you to make a course correction if needed-and that means gathering the right evidence to prove your case. You know which properties are most comparable to yours you may also have access to detailed information that an assessor wouldn’t. You’re the only advocate for your particular property. For the most part, assessors are doing “mass” appraisals-in some cases they’re looking at entire towns or cities and using averages for metrics. The appeals process was put in place for your benefit. You’ve just received an assessment notice for one of your commercial properties-now what? If the amount seems too high, hopefully you or another member of your property tax team will check the accuracy of the valuation by using one or more commercial property valuation methods, and then appeal if need be.
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