COVID-19 Impact on Commercial Property Taxes

The COVID-19 pandemic has created a time of great uncertainty that has intensified pre-existing political and economic uncertainties, and has severely disrupted commercial real estate operations.

A key question being asked by many commercial owners is how will the pandemic impact property taxes going forward? What can I do? Will assessors grant reductions in assessments due to the pandemic?

Federal, state and local governments will be experiencing massive budget deficits in 2021. The need for revenue from all sources will be at an all-time high while property taxes are the most stable and greatest funding sources of local revenue.

Simplified, increases in government spending combined with a reduced tax base equal increases in property tax rates. A tax rate increase that exceeds any value reduction, means paying more in property taxes.

There is now a way to combat this w/o any upfront fees via  PropertyTaxBenefits.com  

     

THE 6 KEYS TO GET THE DECISION MAKER

 

1 – Use a calm and relaxed voice. Smile and confidently greet with energy and ease! Make sure you answer any question about the nature of your call with confidence and authority.

2 – Don’t use a script! A good gatekeeper will recognize it immediately and you will be shut down. Instead, plan your talking points but leave room for improvisation. Speak slowly and articulately. The Gatekeeper will notice if you are rushing through the call.

3 – Engage the Gatekeeper, learn their name. Write it down and use it while you speak to them. Be friendly, this will result in a positive attitude from the Gatekeeper the next time you speak.

4 – Don’t give out more information than is necessary. Remember, you are not selling to the Gatekeeper. You don’t need to go into detail with them, keep it simple! Tell them who you are calling for, do not ask if the decision maker is available.

5 – Do your research, approach with familiarity of the business and of the decision maker. Use the first name of the decision maker. Make it personal! If you don’t know who the decision maker is, ask the Gatekeeper. A simple question of, “Who is in charge of…” can help immensely. Ask for the best time to call, a direct number to call, email address to follow up with, etc.

6 – Be POSITIVE, if you’re asked if he or she is expecting your call. Answer positively with, “Yes, I’ve sent information that we need to discuss.” You may want to give a sense of urgency by adding, “by the close of business.” to your positive response.

Learn how to get your foot in the door  USAdvisors.info

Re: Question for farmers and other business owners

Re: Question for farmers and other business owners: This sounds really interesting, but I still don't understand what you mean. I would very much like to save money while not paying such a huge amount of taxes. But in my opinion, it is difficult to avoid something like this in our world.

Re: Question for farmers and other business owners

Re: Question for farmers and other business owners: This sounds really interesting, but I still don't understand what you mean. I would very much like to save money while not paying such a huge amount of taxes. But in my opinion, it is difficult to avoid something like this in our world.

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Everything I Need to Know Cost Segregation Study

A cost segregation study permits commercial real estate owners to more rapidly depreciate personal property. 

This results in significant cash flow benefits in both present and future years.

This benefit is a Federal program designed for business owners who own commercial properties, or have performed significant lease hold improvements. 

90% of all commercial properties qualify for this program. 

It provides an opportunity to significantly reduce federal taxes and improve cash flow.

See your benefits in 60 seconds, then show your CPA.

No upfront fee cost seg studies.