Stephens said that condition and quality inspections are necessary as part of credible and thorough valuations and that
tax assessments do not include such inspections.
During this period of declining values, real estate
tax assessments continued to increase.
The majority of states employ a market value standard for purposes of establishing annual real estate
tax assessments.
According to Don Lombardi, director of
tax assessment services and member of the Distressed Property Services Group at Grubb & Ellis I Commercial Florida, lowering taxes can greatly improve the operating profile of a building and increase its market value.
Lindex said that it has also claimed a tax deduction totalling SEK250m for the income
tax assessments relating to the fiscal years 2005 and 2006, and is awaiting a decision by the National Tax Board relating to these
tax assessments.
The Kay case is the latest in a line of FCPA enforcement matters involving payments to reduce customs and
tax assessments.
Make sure that no double assessments exist between the personal property and real estate
tax assessments.
An amnesty penalty is imposed at the rate of 50 percent of unpaid interest on
tax assessments that become final after the amnesty ending date.
Heale has worked with a number of small businesses in Espanola to deal with
tax assessments, and frequently battles bureaucrats from the Municipal Property Assessment Corp.
These procedures apply to most
tax assessments on and after Sept 6, 2002.
In facing these challenges, owners and managers of commercial property would be wise to evaluate their
tax assessments and to consider reaching out to their local assessors in the hopes of reducing their property tax bill.
In Marvel, 719 F2d 1507 (1983), the IRS made employment
tax assessments in the trade name of an unincorporated business (rather than in the names of its two individual owners).
