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		<title><![CDATA[Latest posts for the topic "Property Tax Reassessment "]]></title>
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		<description><![CDATA[Latest messages posted in the topic "Property Tax Reassessment "]]></description>
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				<title>Property Tax Reassessment </title>
				<description><![CDATA[ (question from an IREM member): Does anyone have comments / advice on seeking property tax reassessment for owner's benefit and whose responsibility it is?]]></description>
				<guid isPermaLink="true">http://www.iremfirst.org/jforum/posts/preList/32/169.page</guid>
				<link>http://www.iremfirst.org/jforum/posts/preList/32/169.page</link>
				<pubDate><![CDATA[Thu, 30 Oct 2008 15:00:03]]> GMT</pubDate>
				<author><![CDATA[ 0153604]]></author>
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				<title>Re:Property Tax Reassessment </title>
				<description><![CDATA[ You can talk with the local tax assessor informally without going through the appeal process to determine how the assessment was determined.  Once you understand the valuation method (cost/income/market) and the cap rate used, you can determine if you have an arguement for consideration.  Perhaps you have vacancy that hasn't been considered; perhaps your income is substantially lower than the assessor's projection.  Use caution in turning over information to the assessor until you understand the potential impact.  It is the property manager's responsibility to understand the assessment and to help the owner determine if an appeal should be considered.  Typically if there is an opportunity for an adjustment without an appeal, the property manager will submit the information needed by the assessor.  The actual appeal of the assessment is usually handled by a real estate attorney or 3rd party real estate tax consultant who are paid a share of the savings.  ]]></description>
				<guid isPermaLink="true">http://www.iremfirst.org/jforum/posts/preList/32/179.page</guid>
				<link>http://www.iremfirst.org/jforum/posts/preList/32/179.page</link>
				<pubDate><![CDATA[Tue, 4 Nov 2008 20:09:49]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>Re:Property Tax Reassessment </title>
				<description><![CDATA[ I have hired an outside firm which specializes in tax appeals.  They are working on a small retail center for me in Northern California where the taxes are $ .62/sf/month.  The reason I did not attempt to do it myself is I felt I did not have the knowledge of the procedures, deadlines and the kind of data the assessor would ask for.  I did not want to chance not doing it right as I learned how the system works and not getting any or the full amount of a reduction of assessment for my client.]]></description>
				<guid isPermaLink="true">http://www.iremfirst.org/jforum/posts/preList/32/848.page</guid>
				<link>http://www.iremfirst.org/jforum/posts/preList/32/848.page</link>
				<pubDate><![CDATA[Fri, 23 Jan 2009 17:36:19]]> GMT</pubDate>
				<author><![CDATA[ 0166113]]></author>
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				<title>Re:Property Tax Reassessment </title>
				<description><![CDATA[ I have a strip center I manage and half of the center has a master lease on it which will be up in a month. The taxes are so high it will be impossible to Lease in these economic times.  I am hoping the property can be reassessed. ]]></description>
				<guid isPermaLink="true">http://www.iremfirst.org/jforum/posts/preList/32/2861.page</guid>
				<link>http://www.iremfirst.org/jforum/posts/preList/32/2861.page</link>
				<pubDate><![CDATA[Tue, 29 Dec 2009 10:09:33]]> GMT</pubDate>
				<author><![CDATA[ 0209201]]></author>
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				<title>Re:Property Tax Reassessment </title>
				<description><![CDATA[ The sooner you get your reassessment application in the better.  Obviously with these times they are backed up.  The assessor for L.A. county took eleven months to reassess some of my properties.  If you are hoping that the reassessment will help you in order to offer competitive rents and have less than a month I would recommend going to the assessor yourself and trying to work something out with them.  I've been nothing but stonewalled due to the chaos in the real estate market and they don't want to deal with one's persons needs over another.  The positive side is that once your application is in the system, they will retroactively deduct the valuation from the date received.  (This is what I was told and haven't yet confirmed and won't be able to until later so don't hold me to it.)]]></description>
				<guid isPermaLink="true">http://www.iremfirst.org/jforum/posts/preList/32/2866.page</guid>
				<link>http://www.iremfirst.org/jforum/posts/preList/32/2866.page</link>
				<pubDate><![CDATA[Sat, 2 Jan 2010 17:40:36]]> GMT</pubDate>
				<author><![CDATA[ 0188705]]></author>
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				<title>Re:Property Tax Reassessment </title>
				<description><![CDATA[ The responsibility for protesting the taxes does not reside with the property manager, but we often will protest the taxes for our owners.  There's a set process and timeframe in which to protest the taxes and it's usually straight forward.  We're fortunate in Omaha that the assessor reaches out to the community and holds meetings to discuss the assessment process and the protesting process.  You can protest the taxes yourself, hire an attorney for a flat fee, or companies that specialize in this service for 1/2 of the reduced taxes for two years following a successful protest.]]></description>
				<guid isPermaLink="true">http://www.iremfirst.org/jforum/posts/preList/32/3094.page</guid>
				<link>http://www.iremfirst.org/jforum/posts/preList/32/3094.page</link>
				<pubDate><![CDATA[Thu, 10 Jun 2010 19:29:56]]> GMT</pubDate>
				<author><![CDATA[ 0180067]]></author>
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