FOCUS ON THE PLAN, NOT THE PROBLEM.
COMMERCIAL PROPERTIES
Here at Middleton Law we offer our services to thousands of commercial clients, small and large, across a wide variety of markets. There is no commercial business too small. Call us today for a no cost review of your property.
The appeal process is complex, and if it’s not handled properly, you could end up with an unfavorable outcome or simply wasting your time. To realize your best chances of winning the appeal and lowering your commercial property tax payment, you must develop a strong, compelling and compliant presentation to support your case.
When commercial properties are assessed, they are typically done so using the following approaches:
- Income approach: This is one of the most commonly used evaluation approaches. The income approach estimates the tax value of the property based on the income that’s produced by evaluating the relationship between net income and value through capitalization. This can be done based on actual income and expenses or market assumptions. When properly developed and adjusted, this approach is a reliable indicator of market value.
- Cost approach: This approach estimates the cost new of the same property with the proper application of all forms of depreciation accounted for plus the land value. The underlying premise is that no one would pay in excess of the depreciated cost new of an existing building.
- Sales Comparison approach: In this model, the value of a property is based on the price per unit that similar properties recently sold for as it clearly identifies what market participants will pay for or sell a property for in an open market.
We strive to be a strategic partner with our clients by using our expertise and experience to provide innovative, responsive and cost-effective solutions. We understand that roadblocks and obstacles ahead as companies face unprecedented changes in the real-estate landscape especially due to the current conditions imposed with the COVID-19 pandemic, we have the experience, talent and proven results to help our clients achieve reductions in their assessments to reduce property taxes putting money back in your pocket.
real estate law - tax appeals - NJ - tax appeal attorney
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RESIDENTIAL PROPERTIES
Here at Middleton Law we offer our services to thousands of residential clients, From condos and townhouses, to multi-family as well as your standard residential property. Call us today for a no cost review of your property.
The appeal process is complex, and if it’s not handled properly, you could end up with an unfavorable outcome or simply wasting your time. To realize your best chances of winning the appeal and lowering your residential property tax payment, you must develop a strong, compelling and compliant presentation to support your case.
If you own a home, condo or multi-unit family building and haven’t appealed your property taxes this year, or ever, you’re likely overpaying the government by hundreds or thousands of dollars. We can help.
We strive to be a strategic partner with our clients by using our expertise and experience to provide innovative, responsive and cost-effective solutions. We understand that due to the current conditions imposed with the COVID-19 pandemic property values and assessment are rapidly changing, we have the experience, talent and proven results to help our clients achieve reductions in their assessments to reduce property taxes putting money back in your pocket.
LOOKING TO BUY OR SELL YOUR PROPERTY?
Are you looking to buy or sell a home? Reach out to Sheila over at the Gallery for all your buying and selling needs! She will go above and beyond your expectations to find your dream home or get your home sold! Sheila will go the extra mile!