Office Building Property Tax Appeals

Office Market Challenges

• Remote work

• Rising vacancies

• Declining lease rates

Why Office Buildings Are Often Overassessed

• Assessments based on outdated rents

• Market vacancy ignored

• Incorrect cap rates

Valuation Method

• Income approach

• Lease analysis

• Market vacancy adjustments

Documents Needed

• Rent roll

• Income statements

• Lease terms

CTA
Free Office Building Tax Assessment Review