The recent shift to a work-from-home or hybrid employment model has contributed to vacant, unleased, or unoccupied office space. Commercial real estate owners and management firms are struggling to fill these spaces, which leads to potential indirect tax implications—specifically the likelihood of over-assessed properties. DMA’s tax professionals ensure you pay no more than what’s legally required.
Our team has generated more than $75 million in tax savings for clients owning commercial and industrial real estate.
REAL PROPERTY ASSESSMENT REVIEW
A national retail REIT with 100+ properties engaged DMA to review real property assessments for its entire portfolio of properties in support of its goal to minimize indirect tax costs. DMA deployed our jurisdiction-specific property tax professionals who conducted thorough real estate assessment reviews. Our team analyzed market trends, use, obsolescence, and other factors to provide a recommended course of action to the client. With the client’s approval, we appealed property tax assessments in multiple states to successfully deliver more than $3 million in property tax savings to the client.