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.
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.
