Property tax assessments & appeals
Property tax assessments & appeals
Take a proactive approach to managing your commercial property tax and improve your bottom line
Many organizations view property taxes as a fixed expense and only act defensively when there is a drastic increase in the assessment value. But from acquisition to disposition, property tax is a controllable expense that should be proactively reviewed at each decision point, as well as on an annual and mid-cycle basis.
Our consultants can help you understand the valuation parameters, legislation and tax policy that drive each property’s assessment and tax liability.
We provide recommendations and cost-benefit analyses to facilitate decision making throughout the tax appeal process, including negotiation and litigation. Our positive relationships with local assessment authorities and government representatives ensures that you have the best possible chance of reasonable assessments, successful appeal procedures and timely access to refunds.
Be aware of any risks and potential benefits
The status of appeal, compliance and tax management issues can impact a property’s future profitability. Ensure you have the correct answers to these questions before closing a real estate transaction:
- Are there outstanding assessment appeals and what is the potential impact of those appeals on your tax expense?
- How could those appeals impact taxes in future?
- Which party will receive the refunds/allocate refunds to tenants?
- How might purchase price affect appeals (positive/negative)?
Altus can help find answers and will provide recommendations to facilitate decision making.
Achieve the correct assessment – the first time
During development, changes in assessment and tax class can have a significant impact on taxes both during the development period and when the property becomes operational.
Management of the assessment process through the development stage can minimize carrying costs and maximize the future profitability of your project.
At all stages of development, our consultants can assist by:
- Advising of appeal deadlines outside of normal boundaries for new builds or major developments
- Negotiating future assessments with the assessment authority prior to the official filing of the Assessment Roll (in jurisdictions that have a pre-roll or advance consultation process)
- Confirming valuations and tax classifications are correct and equitable at each development stage
- Ensuring you take advantage of available levies & grants
Pay no more tax than is fair
As the largest expense item in your operating budget, property taxes should be reviewed on an annual and mid-cycle basis to prevent inaccurate tax growth assumptions and identify opportunities for tax savings.
An assessment appeal provides the opportunity to minimize your tax expense, enhancing your operational efficiency. Controlling operating costs provides a competitive advantage when leasing and fosters positive tenant relations.
Altus will review each property assessment to determine its fairness and accuracy and will advise on the merit of pursuing a reduction through all available tax appeal channels.
Our services include:
- Pre-roll negotiation of assessments (where applicable)
- Timely filing of appeals and submissions required by legislation
- Review and analysis of submissions by and to the assessment authority
- Research, analysis, investigation and evidence preparation for assessment appeals
- Ongoing settlement negotiation prior to a hearing
- Representation and advocacy at board or administration hearings
- Summarized documentation of the decision and recommendations for further action
Strategize your next move
Determine the best time to sell your property while improving or preserving your bottom line.
Understand how any outstanding or future appeals and timing of refunds should be addressed in closing documents.
We can advise you how to retain your rights to any outstanding appeals or pending refunds and can work with both vendor and purchaser to facilitate a smooth transition.
Property tax assessments & appeals
Understand the valuation parameters, legislation and tax policy that drive your property’s assessment and tax liability.
Property tax management & compliance
Manage your single largest operating expense and remain compliant where you own or lease property.
Contact a qualified professional
Our multi-disciplinary team of professionals brings a wealth of industry experience and unparalleled data-driven insights, providing the clarity you need to make informed decisions.
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Commercial investment portfolio
Replacement cost estimates for insurance purposes, Capital expenditure forecasts, Property tax assessments, Portfolio valuation
5 property tax myths vs. facts: appealing your industrial property assessment
Oct 3, 2019
Arm yourself with the facts before you file an appeal on your industrial property assessment. Altus Group dispels five property tax myths about your industrial property.
Q&A | property tax relief during COVID-19
Mar 27, 2020
Frequently asked questions and answers about property tax relief during and following the COVID-19 pandemic
Ontario property tax & COVID-19: Provincial and municipal responses
Mar 27, 2020
COVID-19 response postpones 2021 reassessment, delays appeals & extends deadlines
Alberta property tax & COVID-19: Provincial and municipal responses
Mar 31, 2020
Alberta property tax updates during COVID-19, including: appeal proceeding delays, tax abatement, tax deferrals and the AFRI process
Atlantic Canada property tax & COVID-19: Provincial and municipal responses
Apr 3, 2020
Updates on property tax abatement and deferrals during COVID-19 for Atlantic Canada
Manitoba & COVID-19: Impacts on CRE valuation and property tax assessments
Apr 6, 2020
Property tax and value updates for Manitoba during the COVID-19 response
Québec & COVID-19: Impacts on property tax
Apr 7, 2020
A look at the coronavirus impact on municipal and provincial property tax assessments, payments and assessment rolls in Québec
Alberta & COVID-19: Property Tax updates
May 22, 2020
Provincial and municipal property tax updates including deferrals and rates in Alberta's major markets.
Ontario property tax & COVID-19: 5 property tax actions to take right now
Apr 16, 2020
5 property tax actions you can take right now to address COVID-19 losses - advice from our tax experts at Altus Group
Executive Summary | Virtual property tax power breakfast
Apr 20, 2020
An executive summary of the virtual property tax power breakfast presented by Shawna Burke-Martin and Steven Eady.
British Columbia: Update on school tax rates and property tax deadlines
Apr 20, 2020
During the COVID-19 pandemic, Altus Group continues to monitor the response of Provincial and Municipal Governments across Canada to keep the industry informed of additional deferral programs and any developing rebate or abatement programs which could assist Landlords in supporting their tenant’s sustained operations in this challenging environment.
Guide | Property tax updates for the COVID-19 pandemic
Jul 1, 2020
Provincial and municipal property tax relief programs including deferrals, rebates/abatement programs for commercial real estate owners, landlords, and tenants during COVID-19.
Executive Summary | Property tax power breakfast refill edition
May 20, 2020
An executive summary of the virtual property tax power breakfast presented by Shawna Burke-Martin and Steven Eady on May 14, 2020.
In the time of COVID: A snapshot of Canada’s seniors housing industry
May 29, 2020
With retirement and long-term care residences at the epicentre of COVID-19 outbreaks in Canada, owners, investors and operators are struggling to address daily operating challenges, while also trying to gain clarity about the potential impact on values going forward.
Executive Summary | Alberta Hotel and Lodging Association webinar
Jun 2, 2020
As a hotel owner or manager in Alberta, what do you need to know about managing your property taxes while you face oil prices and the pandemic?
Executive Summary | British Columbia Hotel Association webinar
Jul 6, 2020
As a hotel owner or manager in British Columbia, what do you need to know about managing your property taxes while facing the pandemic?
Manitoba assessment cycle extended for one additional year
Jul 10, 2020
Taxpayers now wait another year before the effects of the pandemic are reflected in assessed values.
What you need to know about Calgary’s 2021 Pre-Roll Consultation Period
Jul 20, 2020
The City of Calgary’s 2021 Pre-Roll Consultation Period will commence on October 1, 2020 and end on November 6, 2020.
Alberta oil & gas producers now able to link wellsite equipment to well production
Aug 6, 2020
With the transition to centralized assessment of oil and gas properties in the province, ratepayers are being invited to link their wellsite equipment packages to the associated Alberta Energy Regulator ("AER") well license.
Property tax timelines in trying times – an Atlantic perspective
Aug 24, 2020
The point of time is an important distinction as the ‘base date of assessment’, or the date in which a value is derived in any given assessment year.
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