Prepare for Property Tax Season

With property tax season approaching early next year, many commercial property owners are feeling the impact of rising assessments. Across Canada, property owners are voicing their concerns: “We're not generating enough revenue to validate these excessively high valuations.” As tax season draws near, here are some essential steps to help you prepare:

• Review Your Assessment Notice: Carefully review the assessment notice you receive from your local municipality. Look for any discrepancies in property valuation that could lead to an inflated tax bill. Verify details like property size, features, and recent improvements.

 

• Understand the Appeal Process: Familiarize yourself with your jurisdiction’s appeal process. If you believe your property has been over-assessed, you have the right to challenge it. Collect evidence, such as recent sales data for comparable properties, and consider consulting with a professional appraiser.

 

• Stay Informed on Tax Relief Programs: Research available tax relief programs or incentives. These can offer temporary or permanent reductions in tax liability and help ease the financial burden.

 

• Monitor Market Trends: Track local real estate market trends to assess whether your property’s valuation aligns with current market values. This perspective can strengthen your position if you decide to appeal.

 

• Consult with Tax Professionals: Engage a property tax consultant who can provide insights into current tax regulations, potential savings, and strategies for managing tax obligations. Professionals help simplify the complexities of tax season.

 

By taking these proactive steps, you can navigate the challenges of property tax season more effectively and protect your business’s financial health.

 

 

How O’Connor & Associates Can Help You Save on Property Taxes

O'Connor & Associates is a full-service real estate company based in Houston, Texas. Celebrating 50 years of service, O'Connor has grown to over 1,000 professionals worldwide, representing over 350,000 properties in the U.S. and expanding into Canada (Alberta, British Columbia, and Ontario). Known for its creative, aggressive approach and data-driven expertise, O’Connor is a leader in property tax appeals, saving property owners over $325 million annually with its proprietary O’Connor Approach™.

Our success is built on a simple guarantee: If we don’t save you property taxes, you pay nothing

O’Connor’s approach includes four essential components that many local consultants do not provide:

• Property Tax Consultant
• Real Estate Appraiser
• Property Tax Attorney (when needed)
• Comprehensive Data Resources

 

Are you ready to reduce your property taxes? Contact us today for a free expert consultation.

Contact us: 832-662-5820

Email us: ryork@poconnor.com

It’s Your Right to Appeal! Don’t let potential savings slip away - contact us today and maximize your tax reduction opportunities.