Property Valuation Services has a diversified group of healthcare and tax professionals specialize in the review of valuation methodologies (CAMA) and how they relate to a property’s true fair market value. Property Valuation Services’ tools and techniques have been utilized as key components toward successfully producing reductions. Remember appraisal is an art, not a science.
Do you rely on tax reduction methods designed for nonmedical organizations? Does your tax specialist know the healthcare industry?
From our office, strategically located in the middle of the country, PVS provides the following services:
- Professional Representation
- Assessment Uniformity Study
- Abatement & Exemption Research
When reviewing your healthcare real estate for property tax reduction; PVS, unlike other property tax consultants, reviews the property from a healthcare perspective. PVS not only evaluates the property using the traditional methodologies/approaches, income, market and cost, we also consider how these approaches are affected by specific healthcare forces such as the Balanced Budget Act, referral contracts and payor mix, not to mention the true highest and best use of the property. Only a specialist in healthcare, like PVS, can measure the effects of such outside forces.
PVS specializes in helping organizations with complex properties such as:
- Hospitals & Related Medical Facilities
- Nursing Homes & Extended Care Facilities
- Medical and High-Rise Office Buildings
- Manufacturing Facilities
- Regional & Super Malls
- Hotels, Resorts & Country Clubs
Process to Recovery
As your representative, we will:
- Evaluate your assessment for tax reduction
- Prepare an analysis of taxable value
- Explain our position for tax reduction
- Explore and pursue all reasonable reliefs
Exclusive of debt, property taxes can be the single largest operating expense incurred by a business property. At PVS, we recommend that every assessment be thoroughly reviewed annually by a property tax professional. Our review will expose any cash you may have lost over the years.
- Minimized Property Tax Expense
- Maximized Time Savings
- Identification of Appeal Opportunities
- Appeal Representation
- Informative Reporting
There are several components to consider when valuing complex properties: real property, personal property and business value. Assessor’s typically value retail property through the use of a computer-aided mass appraisal/system, (CAMA). This approach is effective for small residential properties; however, it leaves room for significant error when valuing complex commercial properties. A majority of taxing jurisdictions throughout the country are afforded a presumption of correctness. It is the taxpayers burden to prove that the assessment exceeds fair market value. Property Valuation Services has been successful in assisting taxpayers in overcoming this presumption of correctness. Due to this mass appraisal approach and the sheer size and complexity of commercial property, all assessments should be reviewed each year.