Income producing properties (office, retail, multi-family residential, and storage facilities) are generally assessed by the appraisal district ppraised on an Income Approach. Appraisers will utilize “Market” indices (rental rates, occupancy rates, concessions, and capitalization rates) to determine a property’s value. This broad-brush approach does not take into account the actual performance of your property. Therefore, can result in your property may be grossly being over assessed. AVA understands that not all properties are not created equal, even if they are located in the same submarket. Understanding how appraisal districts derives their values, combined with a comprehensive understanding of your property, allows AVA to determine if your property is being fairly assessed.
Below are just a few of the commercial real estate services provided by Ad Valorem Advisors: