Independent Tax Group
Prior to completing due diligence on the purchase of a property it is important to be able to budget for property taxes. The pre-acquisition report is an excellent tool for reviewing the assessment history of a project (when
available), the expected value the assessor will place on the property, the next re-appraisal period, and the expected taxes on a go forward basis.
Tax Bill Tracking
Many clients find that tracking tax bills to ensure they are received and paid on time is a burdensome task. For this reason they frequently have us take care of this process. ITG will be responsible for securing, auditing, and transmitting tax bills for which we represented the valuation. If the original tax bills are not available, a copy or a transmittal form indicating the collector, assessment, tax amount, and due date will suffice to meet this requirement. In those cases where ITG did not represent the property from a valuation standpoint, ITG will not be responsible for auditing the tax bill for reasonableness.
Delinquent Tax Bill Searches
As part of the due diligence process, especially in these difficult times for property owners, it is important to ensure that there are no unpaid property taxes on acquisition targets. ITG staff can assist in the due diligence process by tracking the prior payments for property taxes. Our staff knows when tax bills are issued and dates the payments are due.