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News & Articles

Coping with COVID and Civil Unrest

The times we live in are challenging for everyone, and commercial property owners are not being spared. Many retail properties were closed for months, and the hospitality industry has been ravaged. Office employees have been working from home, and ma… Read More
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Categories: Current

Important Tax updates 04/29/2020

Some metro counties waive penalties for tax payments made by July 15th In response to the hardship on taxpayers caused by the Covid-19 pandemic, at least two counties have set up policies to waive penalties that would otherwise accrue for late paymen… Read More
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Categories: Current

How to Reduce Multifamily Property Taxes

Take advantage of the following opportunities for tax savings in the booming multifamily market. by Margaret A. Ford, Esq. as published in the November 2019 issue of Heartland Real Estate Business With healthy multifamily market fundamentals and incr… Read More
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Categories: Current

How Property Valuation Differs for Corporate Headquarters

Lack of data makes for more important conversations between advisors and property owners. By Margaret Ford Corporate headquarters present unique challenges and opportunities in property valuation discussions with tax assessors. Managing taxes on any… Read More
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Categories: Archive

Tax Trauma - How Higher Assessments Can Cause Lower Net Rents

Published with permission of Commercial Property Executive By John Gendler, Esq. Resurgent demand for commercial real estate is driving sale prices to record highs, pressuring assessors to increase taxable property values substantially. In the Minnea… Read More
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Categories: Archive

Apartments Risk Excessive Tax Assessments in Overbuilt Markets

Published in: Apartment Finance Today By John Gendler As many industry veterans know, new construction can lead to overbuilding in some multifamily markets when, all too often, optimistic developers assume their projects will be successful despite si… Read More
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Categories: Archive

Fee (Not So) Simple: Property Rights & Market Value

By: Jack Pasternacki, CAE & Timothy Vergin, MAI Presented: IAAO International Conference Sacramento, California The concept of the fee simple estate is often referenced in matters of ad valorem taxation, especially in property tax appeals. The co… Read More
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Categories: Archive

Property taxes: Commercial owners nicked for state budget deal

Published in: Finance & Commerce Commercial property tax increases and the flat economy are hampering development and business investment, developer Kelly Doran says. Increases have pushed real estate taxes up to $13 to $15 per square foot on his… Read More
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Categories: Archive, Uncategorized

Taxpayers, Assessors Join Forces to Redefine Mandatory Disclosure Statute

The Minnesota Legislature recently passed an amendment to Minn. Stat. §278.05, subd.6(a), the so-called 60-day rule, Minnesota’s mandatory tax appeal discovery law. That statute provides that property tax appeals are dismissed if certain finan… Read More
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Categories: Archive, Uncategorized

What is Market when there is no market?

Minnesota assessors are currently dealing with near-record numbers of tax petitions challenging the annual assessments made in the state. Assessors value property as of January 2, for taxes payable the following year. In stable markets, those that ar… Read More
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Categories: Archive, Uncategorized