Senior Manager - Property Tax
Connecticut, Massachusetts, New Hampshire, Vermont, Rhode Island, Maine
Invoke Tax Partners’ New England Area office proudly serves commercial property owners and investors across all asset classes in Connecticut, Massachusetts, New Hampshire, Vermont, Rhode Island, and Maine. Specializing in obtaining significant property tax refunds for some of the area’s largest property owners, Invoke Tax Partners’ New England team is made up of veteran consultants who have both expert historical knowledge of local nuances, processes and procedures, and a superior understanding of the tax landscape as it exists today and will exist in the future, giving our clients access to unparalleled tax savings.
A large number of Connecticut municipalities have conducted reassessments on commercial properties as of Grand List Date October 1, 2022. Notices containing the proposed new values have started to be mailed out throughout October and will continue throughout November. For commercial real estate owners and investors, this is a crucial time to appeal your entire Connecticut portfolio’s reassessed values, as it often presents the best opportunity to negotiate a lower value when partnered with an experienced property tax consultant who can assist in navigating both the historical nuances of the area, and changes in the Connecticut property tax landscape as local taxing authorities are looking to recover from a pandemic market.
Invoke Tax Partners has a multifasceted approach that allows our experts to derive a holistic reduction strategy for that is unique to each property, giving our clients the best opportunity to negotiate and resolve proposed assessments that exceed market levels satisfactory to our clients during the informal appeal process. Our property tax consultants review all new proposed assessments using current P&L performance, recent market lease and sale comparables, and full equalization reviews of similar and like-properties to arrive at an independent indicated market value relative to each property in the municipality it is located and to each unique market the property competes in. It should be noted that even if a property’s assessment has not increased substantially, or changed very little since its last reassessment five (5) years ago, an informal appeal is typically the best first step if the property or market conditions warrant a lower value. Connecticut municipalities reassessing for GL2022 previously reassessed as of October 1, 2017. In this case the impact on market values from the COVID-19 pandemic has likely not yet been considered and is a crucial piece of both reassessment valuations and reduction strategies.
