Real Estate tax appeals are a constant source of business for our company both residential and commercial properties. Assessed value should approximate the actual market value. A recent case involved a home in Bethesda, Maryland which was assessed for $1,700,000. Local comparable sales data indicated the dwelling has a market value of only $1,200,000. An appraisal was completed and the assessment was appealed to a three judge panel. As a result the assessment was lowered by county assessors to reflect the actual market value of the home. The annual tax bill was reduced form approximately $16,000 to approximately $11,000. We have found that a lot of people are over- assessed but fail to take any action to lower their taxes. Often, armed with an appraisal and some logic, the homeowner can plead their own case; we will help them get prepared.

Based upon our appraisal the real estate taxes of a local Holiday Inn were reduced by $14,000 per year after a brief hearing in the Montgomery County tax assessment office.

The Potential Loss of Property Value because of proposed or imposed obstructions which could diminish property values are appealed and logically challenged to attempt to arrive at a beneficial resolve for the property owner.