Many companies pay more in local property taxes than they do in sales and income taxes combined and assume that it’s just another fixed expense. That doesn’t have to be the case. Lowering property taxes by negotiating a fair and equitable assessment is one of the most important steps a company can take to immediately reduce its expenses and increase its cash flow. While most firms pursue income tax strategies, far too few subject property tax assessments to the same degree of scrutiny.
We find that 8 out 10 businesses and commercial property owners are leaving money on the table every year.