Real Estate Reductions
The Real Estate Reduction services are designed to assist the client in achieving equitable valuations on real property.
Real Estate Procedures
The Action Plan will be conducted in three phases
Phase One: Data collection and preliminary evaluation
The following information is required to complete the desk audit
Real Estate Reductions
The Real Estate Reduction services are designed to assist the client in achieving equitable valuations on real property.
Real Estate Procedures
The Action Plan will be conducted in three phases
Phase One: Data collection and preliminary evaluation
The following information is required to complete the desk audit
Phase Two: Site Visit
The physical inspection of the property may often prove to be crucial to the valuation process and can be used as a tool to verify the records on file at the Assessors’ office. The site visit can also uncover obsolescence issues such as functional, economic and other characteristics of the property that would negatively impact the value of the property. At this time, the ITG staff also interviews appropriate personnel to confirm differences identified between the assessors, client and site visit information.
Phase Three: Assessment Reduction and Appeal Strategy
Personal Property Compliance
Personal Property Compliance
Industrial Complex Property
Assets will be reviewed for taxable status and optimal depreciation classification. If appropriate, this engagement will include adjustments for ghost assets, exempt assets, and lump sum asset conversions. In addition, in states where appropriate, a study of the fixed assets fair market value will be reviewed to determine if any additional obsolescence adjustments are warranted. At the end of the engagement a report detailing our findings will be issued.
Real Estate Administrative Services
Pre-Acquisition Reports
Prior to completing due diligence on the purchase of a property it is important to be able to budget for property taxes. The pre-acquisition report is an excellent tool for reviewing the assessment history of a project (when available), the expected value the assessor will place
Real Estate Administrative Services
Pre-Acquisition Reports
Prior to completing due diligence on the purchase of a property it is important to be able to budget for property taxes. The pre-acquisition report is an excellent tool for reviewing the assessment history of a project (when available), the expected value the assessor will place on the property, the next re-appraisal period, and the expected taxes on a go forward basis.
Tax Bill Tracking
As part of the due diligence process, especially in these difficult times for property owners, it is important to ensure that there are no unpaid property taxes on acquisition targets. ITG staff can assist in the due diligence process by tracking the prior payments for property taxes. Our staff knows when tax bills are issued and dates the payments are due.form indicating the collector, assessment, tax amount, and due date will suffice to meet this requirement. In those cases where ITG did not represent the property from a valuation standpoint, ITG will not be responsible for auditing the tax bill for reasonableness.
Delinquent Tax Bill Searches
As part of the due diligence process, especially in these difficult times for property owners, it is important to ensure that there are no unpaid property taxes on acquisition targets. ITG staff can assist in the due diligence process by tracking the prior payments for property taxes. Our staff knows when tax bills are issued and dates the payments are due.
Assets will be reviewed for taxable status and optimal depreciation classification. If appropriate, this engagement will include adjustments for ghost assets, exempt assets, and lump sum asset conversions. In addition, in states where appropriate, a study of the fixed assets fair market value will be reviewed to determine if any additio
Assets will be reviewed for taxable status and optimal depreciation classification. If appropriate, this engagement will include adjustments for ghost assets, exempt assets, and lump sum asset conversions. In addition, in states where appropriate, a study of the fixed assets fair market value will be reviewed to determine if any additional obsolescence adjustments are warranted. At the end of the engagement a report detailing our findings will be issued.
Independent Tax Group
1261 N. Lakeview Blvd. STE J
Anaheim, CA 92807
714 463 4144
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