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How to Lower your Property Tax?

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Thinking about how to lower your property tax and save money. To know more visit cut my taxes and get updated with resolving strategies. Visit https://www.cutmytaxes.com/how-can-i-lower-my-taxes/ to know more.


How to Reduce Commercial Property Taxes

Start by Checking Your Valuation

Check the assessor’s estimate of the market value of your property. Then compare the assessor’s value to:


Comparable sales to determine if the assessor’s value exceeds market value, and

The assessed value for similar properties to determine if your assessment is equitable.

Most states allow annual property tax appeals on both excessive value (assessor’s value over market value) and unequal appraisal (your assessment is high compared to neighbor’s property).

Protest the value of your commercial property annually. Yes, protest each and every year. Even if the value did not change, protest the value. The assessor’s values are based on the cost approach, the least reliable method of appraisal. You can protest both excessive value and unequal value each year.


Protesting excessive value addresses a value in excess of market value. Valuing commercial property is difficult and reasonable people can disagree.


Protesting unequal appraisal is based on similar properties having a more favorable assessed value. Even if your assessed value is below market value, you can likely support an appeal on unequal appraisal. For example, your office building is worth $100 per square foot (PSF), assessed at $80 PSF but similar office buildings are assessed at $60 PSF. You are at a disadvantage as a landlord if your property taxes are higher than your competitors.


Protest both market value and unequal appraisal annually. It is your right and most appeals are successful.

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