Questions You Should Ask Your Property Tax Consultant
When will you visit my property?
Simply stated, an agent cannot know the property effectively until they see it up close and personal. Many additional and specific questions about the property arise due to what is observed at an onsite inspection. Issues that could have a substantial impact on value are sometimes missed or overlooked when properties are not visited.
Where do you specialize?
We specialize in multi-family properties in Texas, Florida, Colorado, and Arizona. Market specialization increases the quality of the results produced. Our former experience in a majority of the 50 states provides an excellent foundation for bringing proven concepts from other markets into our focused states.
How do you guarantee my properties are given the attention they deserve?
At Wayfinder, we carefully review each potential client prior to entering into any agreement to ensure that our company values and cultures are a good fit. Those we represent receive top notch service and understand that we act with only their best interests in mind. Furthermore, if accepting a potential client would jeopardize the service we provide to one or more of our valued and existing clients, we will decline the new engagement.
How does the Arizona property tax system work? Can I appeal my taxed value?
Arizona counties send out valuation notices typically in February and March. Taxpayers have 60 days from the notice to appeal the Full Cash Value or FCV. The valuation notice also includes a number called the Limited Property Value or LPV. Only the LPV is taxed. Under normal circumstances, the LPV can only increase 5% from the previous year but it cannot exceed the FCV.
You cannot directly appeal your taxed value. In order for an appeal to lower your taxable value, the FCV must be reduced below the noticed LPV amount. One of the first questions you should answer involves the difference between the FCV and LPV. Simply take the LPV and divide it by the FCV and multiply by 100. The smaller the percentage, the more difficult it will be to have a successful appeal that results in tax savings.