Frequently Asked Questions
What does Savage & Browning charge to review my ad valorem property assessments and if warranted file an appeal in my behalf?
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We work on a variety of different contract options to meet the individual needs of our clients.
- A review offers a serious refund opportunity that can provide significant tax savings.
- Your company might be entitled to a sizable refund of taxes that have been paid in error over the past three years.
- A review leads to better business practices that create future revenue streams.
- The review is completed on a risk free basis guaranteeing a positive reward versus risk return.
- A review is a confidence-building activity that can validate your company's existing business practices.
- Your business has nothing to lose and everything to gain by initiating a review . . . . Why wait and wonder?
My company is unique. Our accounting department already manages our property taxes. Why should we consider using an outside consultant?
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- Savage & Browning knows property values and is intimately familiar with the local assessment systems. State statutes are continually revised altering the way both real and personal property taxes are levied. State and local taxes impact every business.
- With all the complexities of state and local tax requirements, even the most thorough organization may inadvertently overlook obscure tax obligations. We offer a thorough understanding of all compliance issues, including the latest regulatory changes.
- Our specialists further benefit your company's bottom line by sifting through the endless number of tax returns and supporting documentation your company files every year, instead of your employees being paid a salary to do so.
- The present cash value of the property, which is the amount a willing purchaser would pay a willing seller, exclusive of reasonable fees and costs of purchase, in cash or the immediate equivalent thereof in a transaction at arm’s length.
- The highest and best use to which the property can be expected to be put in the immediate future and the present use of the property, taking into consideration the legally permissible use of the property, including any applicable judicial limitation, local or state land use regulation, or historic preservation ordinance, and any zoning changes, concurrency requirements, and permits necessary to achieve the highest and best use, and considering any moratorium imposed by executive order, law, ordinance, regulation, resolution, or proclamation adopted by any governmental body or agency or the Governor when the moratorium or judicial limitation prohibits or restricts the development or improvement of property as otherwise authorized by applicable law.
- Property location.
- Size of the property and improvements.
- The cost of the property and the present replacement value of any improvements.
- The condition of the property and improvements.
- The income from the property.