The time is right for reducing your tax assessment

The economy's slowdown has been a cause for concern by most landlords. Owners and managers of commercial property would be wise to evaluate their tax assessments and to consider reaching out to their local assessors in the hopes of reducing their property tax bill. If these negotiations prove unsuccessful, it would be beneficial to consider filing a formal appeal or grievance - the timing has never been better. However, to do so, it is essential to understand how the tax appeal process works: 1. Know your annual deadline. 2. Be aware of the burden of proof and any special rules. 3. Consider the risks. 4. Know the amount in dispute.