Retail properties, including strip centers, store fronts and large and small shopping centers can be expensive to own and operate. The largest components of operating retail operations are the cost of real estate taxes, debt serves, and repairs/maintenance. In the last few years, retail centers have experienced more vacancies as the internet has allowed potential purchasers the ability to buy and sell their merchandise online and remotely from anywhere in the world. Tenants, because of E-Commerce, realize that they do not have to pay high NNN rental rates. They can conduct business anywhere with a website. You can work from your kitchen, at home, just like ordering an item(s) from Amazon. Some businesses do not need a brick-and-mortar location to conduct business. This E-commerce has closed mom and pop stores as well as some of the giants in the retail industry. Physical locations are not that important. Save the cost of high NNN rental rates by selling and buying from your kitchen table, in your home. This electronic retailing has made locations obsolete and not so important anymore. his type of commerce has created much higher vacancies at store locations. Owners of retail properties are struggling to pay their rent without the sales revenue to support it.

CAN I GET MY REAL ESTATE TAXES LOWERED?

If you feel that you are paying too much for your property taxes, you may be able to get them lowered by filing a petition to appeal your taxes. When you file a petition to appeal your taxes, the county Value Adjustment Board will set up a hearing date for your case to be heard. The petitioner has only the first 15 days from receipt of hearing notice to submit evidence before the hearing. The Property Appraiser also files his evidence to support their assessment/taxes. The magistrate (judge) will hear the testimony of both parties and will make his decision as to who has the stronger case. PROPERTY TAX EXPERTS, INC has over 32 years of experience in this profession. We can help you

Can I Appeal My Retail Property Taxes Without Professional Help?

Yes! You can file a petition to appeal your property valuation, but you need to be prepared to represent yourself before a magistrate at a Value Adjustment Board hearing. You must convincingly prove to the magistrate as to why the Property Appraiser is in error of your valuation by way of submitting evidence. Your evidence must include sound appraisal principles to prove your case. Evidence will include comparable market sales, income analysis as well as issues related to the building itself, if any. The Property Appraiser by law has the position of correctness and the taxpayer has to show by a preponderance of the evidence the Property Appraiser used appraisal techniques that were arbitrary or his techniques were beyond the requirements of the law in assessing your property. . DON’T TRY THIS PROCESS ON YOUR OWN. APPROXIMATELY 95% OF TAXPAYERS WHO GO IT ALONE WILL FAIL DUE TO LACK OF KNOWLEDGE AS TO HOW TO CREATE AND SUBMIT EVIDENCE FOR THE HEARING. Going before a magistrate without representation is analogous to going to court without an attorney

Call PROPERTY TAX EXPERTS, INC. WE CAN HELP YOU WITH YOUR APPEAL. Miami-Dade County – 305-937-0525; Broward County – 954-981-8332.