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