With the downturn in the economy, cash-strapped companies are reducing and recovering taxes wherever possible to maintain their working capital. Whether your property is being vacated, shut down, consolidated, repaired or renovated, there is no better time to monitor (and possibly recover) commercial property taxes. However, while there's always an option to reassess and challenge the value of your property, you must also follow specific legislative rules — and within strict deadlines.
How PricewaterhouseCoopers can help
PwC's property tax specialists can help you reassess and recover your property taxes through the downturn. Having prepared and reviewed assessment appeals for a number of commercial property owners and business tenants, we'll help you eliminate the guesswork in managing your property taxes.This communication is intended to inform readers of developments as of the date of publication, and is neither a definitive analysis of the law nor a substitute for professional advice. Readers should discuss with professional advisers how the information may apply to their specific situations.