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CASE STUDIES

COMPASS HEALTHCARE CENTER

New Construction

Adding Improvements

Whenever improvements are added to a parcel, additional property taxes will follow. For example, if vacant land is purchased in 2016, and a building is built (improvements) and completed by tax day or December 31 of 2016, then value is added to the parcel in the following year or 2017. Taxable value will increase, as well as the annual property taxes. This is a great opportunity to impact the value that will be added as improvements and manage the property taxes that will be attached.

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50 MONROE

Office

Vacancy Issues Impact Value

Our client purchased a large commercial property consisting of over 100,000 square feet of office space. The long term vacancy rate was over 50%. We initiated assessor discussions and an appeal of value to cut their annual tax burden by $85,000.

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HANSEN-BALK STEEL TREATING

Industrial

With a Portfolio of Property Comes a Portfolio of Taxes

Many of our clients invest in properties near their businesses and over time property taxes become a big expense that needs to be managed. Hansen-Balk Steel came to us in 2013 and acquired ownership of five industrial properties. They weren’t sure if their properties were fairly taxed, so we began the analysis and process that led to over $26,919 in annual tax savings.

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EDGE SALON

Retail

Small Property Saves Big

In early 2014, our client purchased a small 2,100 square foot retail property in an up and coming neighborhood around greater Grand Rapids. The price they paid indicated that their property assessment and taxes may be excessive, and should be reviewed.

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MAPLE HILL AUTO GROUP

Retail

A Standard Appeal with Added Benefit

Auto Dealerships need a large space dedicated to showrooms and service / repair. These properties can be very difficult to value since it’s typically very nice in quality, but the use is limited to car sales and repair. Maple Hill Auto Group felt their taxes were too high, and they were correct. Our firm was able to obtain a refund for two tax years at an average of $40,000 per year, and lock in an annual tax savings of over $55,000 for each year going forward. 

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