▲ Principle of Contribution – Your commercial property comes with the expectation of future benefits. What factors are at risk of affecting that future revenue stream?

▲ Direct Capitalization – Capitalization rate research is a critical component in the valuation of income producing properties. Have you had a recent cap rate study in your market to help determine fair market value?

▲ Equal and Uniform Analysis – Your property should be valued fairly against similar properties in the area. Have you investigated the appraisal district’s comparable properties and challenged unequal property tax assessments?

▲ Principle of Substitution – The cost of acquiring an equivalent, and possibly more profitable, substitute property could be less than replacing your existing property. How does your assessed value compare?

▲ Functional Obsolescence – Some property features, amenities or designs could become obsolete with the passage of time. Is your building’s design impeding your profitability?

▲ Economic Obsolescence – External economic factors that are beyond your control could affect appraisal valuations.  Are there changes in your neighborhood that should be considered?

Delta’s commercial property tax consultants take all of these factors, and many more, into consideration when challenging your appraised values.