Tactics to Reduce Your Self-Storage Property Taxes
Find out why self-storage facilities should be taxed differently than other types of commercial real estate and learn how you can lower your taxes through an appeals process with your local assessor.
Speaker: Barry Sharpe, Managing Member and Principal, Property Tax Appeal Group LLC
Format: Streaming Video
Duration: 49 minutes
Tactics to Reduce Your Self-Storage Property Taxes
Your county appraiser may unknowingly be over-taxing your self-storage property based on appraisal methods used for other types of commercial real estate that don’t apply to our business. Find out why storage facilities should be taxed differently and how you can lower your taxes through an appeals process with your local assessor. You’ll learn:
- How to structure a presentation to lower a property assessment
- How to show the differences between income, cost and market approaches to value
- When to use a pro forma vs. showing real income for the property
- Which elements are considered "deferred maintenance" to lower value
- How to show the "building" portion of your property as having only a "token" value
This product is also available in DVD format, both as a single and as part of the following discount packages:
Format: VID
