Property Tax Assessment Appeals

July 2020

For many businesses, property tax is the largest state and local tax obligation, and one of the principal regular operating expenses incurred.
Reasons to Appeal Property Tax Assessment
Unlike other taxes, property tax assessments are an ad valorem tax, meaning they are based on the estimated value of the property, and thus, are subject to varying opinions. In the wake of the COVID-19 pandemic, some jurisdictions are reevaluating their property tax processes, for example, via disaster relief or conducting assessments at an earlier date. Assessed property values also tend to lag true market value in an economic recession.
How to Challenge Property Tax Assessment
Property tax appeals generate cash savings by challenging assessed values and reducing property tax liabilities. BDO has developed proprietary processes and procedures that may enable companies to generate above the line tax savings and lower their effective property tax rate, regardless of industry.
Assessment and appeal dates vary state by state, and often county by county. If your annual property taxes are more than $75,000, complete the form on this page to contact us for appeal assistance.