Tax Appeal Support
Acting as an independent third-party valuation expert, BBG appraisers can assist property owners considering ad valorem tax appeals of their commercial real estate.
We are not paid on contingencies and our opinions are designed to provide accurate and impartial valuation opinions.
Our scope of work consists of four phases:
First Phase – We provide a bracketing of values based on market data. We perform a mass appraisal technique in which we identify large quantities of comparable sales that may be applicable to the subject. We then identify which comparables are most applicable to an individual property and inherently identify a range of likely values for that individual property.
We do not form individual property value opinions. This is intended to compare the existing assessment to the likely range of value generated by the market, allowing a property owner to determine which assets are worth appealing.
Second Phase – We prepare restricted appraisal reports for individual properties for the owner’s use. As directed by the client, we prepare restricted use appraisal reports for individual properties within the portfolio. These are USPAP compliant appraisals with a complete work file and research. Inspections are often completed during this phase.
Third Phase – We prepare tax tribunal appraisal reports, based on the Phase II value opinions. As directed by the client, we write tax tribunal ready narrative reports based on the phase II restricted reports. These reports would be filed with the state tax tribunal to be used in the appeal.
Fourth Phase – We testify at the Tax Tribunal.
In the event that appeals are not settled, we appear as expert witnesses at the state tax tribunal.
Centrally-assessed Properties
Tax appeal work involving property that is taxed on a state level because it operates across county or state lines, including natural gas, natural gas liquids, and oil pipelines; mining property, oil and gas terminals, and telecommunications companies
