The Finney Law Firm Difference in Property Tax Valuation
Finney Law Firm has built a team of experienced tax appeal attorneys and expert local property valuation professionals to understand and challenge real estate valuations.
Step 1: Analyze – Finney Law Firm works with our team of local market valuation professionals to evaluate a property and determine if there is potential for significant reduction in assessed value. This step is conducted free of charge.
Step 2: Strategize – Finney Law Firm’s experienced attorneys aggressively and creatively assess how to best present an appeal for reduced value.
STEP 3: Litigate – Finney Law Firm acts as legal counsel throughout the complex court appeal process to ensure an appropriate value reduction and subsequent tax payment reduction.
Any work after the initial value analysis step is performed entirely on a contingent fee basis, meaning we charge only a percentage of the first year tax savings we are able to achieve for the client.
While each case is different, in the past six years Finney Law Firm attorneys have handled thousands of such challenges resulting in total valuation reductions of over $100,000,000.00 for clients.
Here below are some highlights from each tax year:
Tax Year 2013:An estimated annual tax savings of $52,000 on a commercial office building in Cincinnati, Clermont County, Ohio. $2,207,420 million valuation reduction. The value remained unchanged for tax year 2014 brining the owner 4 years of tax savings totaling roughly $208,000.
An estimated annual tax savings of $159,000 on a statewide (OH) portfolio of commercial properties. For cases heard through 12/31/2014; $6,278,720 in valuation reduction with an estimated annual tax savings of $159,000 for the owner; With a dozen cases yet to bet heard, savings are likely to increase for this year.
Tax Year 2012: An estimated annual tax savings of $24,000 on a commercial Office Park in Sharonville, Hamilton County Ohio. Valuation reduction of $1,033,740. The values remained the same for tax year 2014. This in addition to tax savings achieved in 2010 ($1,479,500 valuation reduction and an estimated $37,0000 in tax savings) is bringing the owner 7 years of savings totaling roughly $427,000.
Tax Year 2011: An estimated annual tax savings of $110,000 on an Industrial warehouse in Harrison, Hamilton County, Ohio. $6,786,520 million valuation reduction. The value remained the same for tax year 2014 bringing the owner 6 years of tax savings totaling roughly $660,000.
Tax Year 2010: An estimated $116,000 in annual tax savings on an Apartment complex in Dayton, Montgomery County Ohio. $11,860,270 in valuation reduction. The valuation remained the same for tax year 2011 giving the owner 4 years of tax savings totaling roughly $464,000.
Tax Year 2009: An estimated $429,000 in tax savings on an OH/KY portfolio of regional franchise chain restaurants. $20,779,681 in valuation reduction. The values remained the same in several of the SW Ohio counties for tax year 2011 bringing the owner 5 years of tax savings totaling roughly $1,520,000 for those properties.
Tax Year 2008: An estimated $810,000 in annual tax savings on a Tri-state area (SW OH/KY) portfolio of commercial properties. $16,429,454 in valuation reduction. The values remained that same in the SW Ohio counties for tax year 2011 bringing the owner 6 years of savings totaling roughly $4,000,000 for those properties.
A Sampling of our Commercial Clients:
• Cincinnati Bell
• AT&T of Ohio
• Cincinnati Financial
• Miller Valentine
• Al. Neyer, Inc.
• Frisch’s Restaurants
• Cracker Barrel
Contact us to see how Finney Law Firm can make a difference in reducing your annual property tax bill.