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MORRISON|forensic
Real Estate Advisory - Property Tax Consulting
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| James Macdonell, Principal |
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Property tax reduction:
You may have been overpaying your property taxes as much as 10 to 50 percent for years. For commercial property owners, REIT's or portolio owners this may amount to $10,000 to $1million+ per year in property tax 'overpayment' per property. Residential property owners may by overpaying $2,500 to $25,000 or more per year based on these numbers.
Your properties’ assessed value may be eligible for a property tax reduction which can amount to substantial property tax savings* for your commercial or investment properties -or- your residence in any California County.
Income tax strategies:
Real estate is made up of 'land' and the 'structures' built on it. For depreciation purposes, your accountant may determine the properties' 'land' and 'structure' ratio based on the property tax bill. The land allocation is usually around 35% and the rest allocated to the 'structure'. What if the land allocation were reduced from 35% to 20% of the total value? This would provide for 23% more to depreciate on the 'structure' side creating valuable tax credits. (click here to learn more)
Asset protection:
You and your property ownership can be nearly invisible to attorneys, realtors and nosy business.
Valuation Services:
You know the value of your stocks and stock market data by looking at your computer , why not your real estate holdings? We’ll conduct a valuation of your property anywhere in the United States, whether it’s a market appraisal or detailed market study. Know the value and the market conditions affecting your property so that you can make informed decisions.
Research:
Have questions about your real estate or a real estate matter and cannot get a straight answer from anyone? We specialize in analyzing and advising our clients regarding complex matters. Don’t know where to find the answer? Our experts can get answers for you whether answering basic questions or finding your families lost vineyard in Italy.
Advisory:
Advisory for real estate matters: asset search, strategic intelligence, legal support, market intelligence, due diligence, property/transaction and document examination, standard and complex real estate consulting for matters involving residential, commercial, investment, or portfolios. (click here to learn more)
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