| Property taxes are one of the largest expense items | | | | impart clients with yearly educational class, which |
| on any real estate company's operating statement. | | | | impart a platform for clients and attorneys to |
| However, little emphasis has been given to controlling | | | | collaborate in developing new appraisal methodologies |
| that expense, and thereby, increasing net asset and | | | | for controlling property taxes. Our class have alert on |
| portfolio value. American Property Tax Counsel | | | | shopping malls, lodge properties and bureau buildings. |
| (APTC) was formed to focus on reduction of | | | | This year's class will be caring to REIT property tax |
| property taxes. APTC is the only organization of law | | | | issues, with detriment wounding acquisition strategies. |
| firms providing major portfolio owners across the | | | | All APTC class is invitation only measures. |
| United States and Canada with a single source for all | | | | A few examples of APTC's significant tax savings for |
| of their property tax reporting and tax reduction needs. | | | | our clients contain the next: |
| It has been proven time and again that clients take | | | | * A $42 million tax refund on a Manhattan bureau |
| optimum property tax reductions only by utilizing | | | | tower. The nation's utmost court affirmed this refund, a |
| confined tax counsel. The reason is clear. Property tax | | | | precedent locale answer on the tax ramifications of |
| laws fluctuate significantly from nation to nation. Hence, | | | | contamination. |
| only confined property tax lawyers possess the vital | | | | * A $29 million reduction on a choice lodge in Texas, |
| experience in and facts of confined procedures, | | | | awarded by a jury. |
| policies and lawful precedents. Also, it is proper | | | | * cheap the bazaar value assessment of a Seattle |
| increasingly basic to aggressively contest property tax | | | | regional shopping mall from $144 million to $108 million |
| assessments to advanced levels of appeal, with the | | | | after a state tax consultant was unsuccessful in prior |
| courts, in order to decrease tax liabilities. This is due to | | | | being. |
| the force on confined assessing authorities to raise | | | | * Utilizing the refined appraisal methodologies |
| revenues. Hence, APTC clients take actual value from | | | | established at the APTC tutorial on the appraisal of |
| confined, experienced lawful counsel who is energetic | | | | lodge Properties, we successfully summary the |
| advocates for their happiness at all levels of appeal. | | | | assessment of a Chicago lodge from $32 to $23 |
| APTC's plan for conduct multi-jurisdictional property | | | | million. In the prior year, a tax consultant requested a |
| portfolios is matchless and easy. We thoroughly probe | | | | reduction from $32 to $28 million and was denied any |
| clients' facts as well as bazaar factors and lawful | | | | relief. |
| influence to affect which properties' assessments | | | | * Successfully argued to the Ohio Supreme invite that |
| should be appealed. The appeal means is managed by | | | | a filmed leverage outlay, which was the answer of an |
| our confined APTC part; a law solidifies preeminent in | | | | allocation of portfolio leverage by a REIT, could not be |
| their facts of nation substantive laws, and usual with | | | | worn as a center to raise the property's assessment. |
| confined procedures and assessors' policies. APTC | | | | A law firm is admitted to APTC only after a |
| clients also have the availability of the nation-of-the-art | | | | determination is made by the Executive board and the |
| software, property Tax function (PTO), through | | | | broad part ship that the firm is the preeminent lawful |
| Multipoint broad property Tax Information. PTO imparts | | | | counsel in the property tax area in that particular nation |
| a facts base for compliance, budgeting, tax projections, | | | | or jurisdiction. Criteria for part ship contains being of |
| assessment information and appeal position on all | | | | experience, complexity of centers appealed, |
| properties. | | | | successful trail film of reductions, real elation appraisal |
| APTC's effectiveness for clients is enhanced by the | | | | acumen, articles printed on property tax issues and |
| division of non-confidential information throughout the | | | | peer recognition. |
| organization. We chat facts about authority witnesses, | | | | Michelle Logan writes for where you can find out more |
| center answers and appeal strategies. In addition, we | | | | about tax attorneys and other topics. |