Greenbaum, Rowe, Smith & Davis LLP will present the webinar, “Reducing Property Tax Liability for Commercial Real Estate in 2022,” on Tuesday, March 8, 2022 from 12:00pm - 1:00pm.
A reduction in the real estate tax component of a commercial property owner’s expenses will reflect directly on the bottom line. It is therefore important to consider whether the assessed value of commercial property will result in paying more than a fair share of taxes.
The assessed value on which real estate taxes are based can be challenged – however commercial property owners who wish to consider an appeal of their 2022 property tax assessment have a limited window of time to act, as in most cases an appeal from a 2022 assessment must be filed on or before April 1, 2022.
This webinar will comprehensively address the issues related to challenging commercial property tax assessments. Our speakers have extensive experience in guiding property owners through the evaluation, preparation, filing and prosecution of commercial property tax appeals, and will provide an overview of each step in that process and related considerations.
Topics to be addressed in this complimentary webinar include:
- Important dates, deadlines, special rules and other FAQs concerning the filing of appeals under a variety of circumstances and in certain New Jersey counties
- An overview of approaches to real estate valuation and how assessments are determined, including the impact of environmental contamination on commercial property valuation
- Next steps to take when considering an appeal, including the initial baseline analysis and evaluation of market value and other factors
- The appeals process and sample outcomes based on our experience
Speakers for this program are:
Focuses on the sale, acquisition, leasing and mortgage financing of commercial and industrial real estate holdings. Represents clients in commercial property tax appeals, mortgage foreclosures and workouts, tax sale certificate foreclosures and condemnation valuation hearings.
Significant experience representing litigants in complex property tax appeals, including those involving casinos, office complexes, corporate headquarters, industrial facilities, oil refineries, gas stations, warehouses, hotels, banks, telecommunication facilities, assisted living facilities, nursing homes, apartment buildings and condominiums.
If you were unable to attend, you can view the Program Recording.