Property taxes are one of the largest recurring operating expenses associated with owning real estate. In California, even with Prop 13 keeping values relatively lower than some other states, a down market can result in paying much more than your fair share.
For landlords who don’t pass property taxes through to their tenants, it is a high cost that brings down your Net Operating Value, the overall value of your property, and less cash in your bank account at the end of the day.
For landlords who do pass property taxes through, it lowers the amount that your tenant can pay. They will be paying to the Assessor instead of you.
Property taxes are subject to annual review and appeals and having a team that understands the intricacies of appealing them can greatly impact your bottom line and affect your profitability.
Our attorneys and property tax professionals have extensive knowledge of the commercial real estate market that your property will be judged against, as well as extensive experience working with the local taxing officials.