Property Tax FAQ

Q: Who is Crest Consulting and what do you do?

A: Crest Consulting's Property Tax Division is devoted to lowering one of your highest expense, Property Taxes. It is our goal is to increase your bottom line by reducing your property taxes paid. With a core staff of experienced professionals in the commercial valuation field, Crest Consulting will be able to offer a more accurate valuation. Our experience with the tax appeals process along will ultimately lead to the lowest possible assessed value for your property(ies).

Q: What do I have to do to get started?

A: Once you decide to hire us, all you have to do is provide us with information about your property. We will file all necessary forms/applications and represent you through the entire informal and formal appeals process.

Q: How are tax savings calculated?

A: Your tax savings would be the difference of the properties' previous assessment value and new assessment value multiplied by the current tax rate. For example, let's assume that your property was assessed at $5,000,000 and the new assessed value achieved by Crest Consulting is $3,500,000. By multiplying the difference of $1,500,000 with a tax rate of 1.25%, your property tax savings would total $18,750 per year.

Assessed Value New Assessed Value Difference Tax Rate Tax Savings
$5,000,000 $3,500,000 $1,500,000 1.25% $18,750

Q: Can I do this myself?

A: Although it's always an option to represent yourself, the advantage of hiring Crest Consulting is that you will have a team of experienced professionals with a commercial valuation background, an extensive database, and an unmatched understanding of the property tax appeal process.

Q: Do I still have to pay my property tax during the appeal process?

A: Unfortunately, the answer is Yes. All property taxes must be paid by the delinquent date to avoid interest and penalties.

Q: Does the County automatically reassess my Property?

A: The county assessor's office are constantly monitoring market conditions and, when practical, lowering assessed values by completing mass appraisals for residential properties. However, this does not apply to non-residential properties. It is up to the owner of all non-residential properties (apartments, commercial, and industrial) to apply for a decline-in-value reassessment. The county assessor's office will not automatically reassess your commercial property.