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