Newmark VA Brochure 2022 - Flipbook - Page 8
Property Tax
Newmark’s Property Tax group offers owners, investors and developers
a specialized approach to property tax management and minimization.
Our experts are committed to solving property tax issues and have
the resources of our national V&A practice at their disposal, making us
the premier practice in the industry.
Our nationwide roster of property tax experts possesses unrivaled
acumen and comprehensive knowledge of local markets with support
from our in-house MAI-designated appraisers. Informed by proprietary
market intelligence from more than 100 Newmark offices across
the country, the Property Tax group tailors tax solutions to each client’s
unique needs.
Our team supports owners, investors and developers at every stage
of the property life cycle, from pre-acquisition and construction to annual
assessment reviews/appeals and management all the way to disposition.
Clients turn to our Property Tax team to manage and minimize their overall
property tax liability with expertise and integrity.
Our comprehensive offerings encompass a diverse array
of assignments:
Assessment Appeals
Our property tax practitioners leverage our powerful
V&A platform as well as local expertise and relationships
to deliver optimal assessment results for our clients.
Forecasting/Budgeting
We recognize the importance of the annual budgeting
process to our clients and tap into local expertise
to forecast the most realistic budgets possible.
Due Diligence Property Tax Estimates
When our clients are in the pre-acquisition or
predevelopment process, our team’s expertise
and access to empirical market data allow us
to formulate reasonable tax estimates that enable
our clients to make informed decisions.
Litigation Management
In the event that litigating an assessment appeal
is cost-effective, we continue to advocate on our clients’
behalf, coordinating and managing the process to ensure
that their best interests are served.
Co-Sourcing
Our team can help a client manage the administrative
burdens of tracking assessments, tax bills, appeal deadlines
and tax refunds—freeing up client resources for other
important tasks.