Lower Your Real Estate Property Taxes
The most common appraisal methodology used for industrial property is the Mass Appraisal Approach. It is geared toward high output appraisal processes which works great for the assessor who is trying to value as many properties as possible in a short time frame. However, this method has limitations in measuring the unique aspects of your specific property that influence market value.
To counter errors inherent in the Mass Appraisal Approach, Delta Property Tax Advisors proactively analyzes a comprehensive set of criteria that could dramatically affect your final appraised value.
Recent Tax Savings
| TYPE | REDUCTION |
|---|---|
| Commercial Real Estate | 37% |
| Industrial Real Estate | 31% |
| Manufacturing Equipment | 28% |
| Inventory | 55% |
| Special Purpose Utility | 20% |
Property Types
- Light Industrials
- Heavy Industrials
- Engineering/Research & Development
- Processing Facilities
- Warehouses
- Distribution Warehouses
- Cold Storage Facilities
- Tank Farms
- Auto Service Centers
▲ Principle of Contribution – The value of a new or added improvement is what it contributes to the market value of the entire property, not what it cost to add the improvement. Are you being taxed on cost or value?
▲ Principle of Substitution – The cost of acquiring an equivalent, and possibly more functional, substitute property could be less than reproducing your existing facility. How does your assessed value compare?
▲ Functional Obsolescence – Some property features, amenities or designs could become obsolete with the passage of time and changes in processes. Is your building’s design impeding your process?
▲ Economic Obsolescence – External economic factors that are beyond your control could affect appraisal valuations. Are there changes in your neighborhood or economic weaknesses in your industry that should be considered?
Delta Property Tax Advisors takes all of these factors, and many more, into consideration when challenging your appraised values.
Learn how Delta Property Tax Advisors can reduce your Industrial Real Estate Property Taxes.
Success Stories
173,000 sf Food Processing Facility – 40% Functional Obsolescence granted due to irregular design and staggered multiple-generation improvements
110,000 sf Recycling Facility – 22% Reduction after analyzing functional issues affecting process
113,000 sf Heavy Industrial Manufacturing Facility – 20% Reduction first year following prior agent
Discover the Delta Difference
