Tax Appeal and Tax Assessments, David Wolfe @ Skoloff and Wolfe

In this conversation, Joshua Kahr speaks with David Wolfe, managing partner at Skoloff and Wolfe (https://www.skoloffwolfe.com/), about tax appeals and property tax assessments. They discuss the challenges property owners face with assessments and revaluations, the importance of understanding assessment ratios, and the deadlines for tax appeals. They also explore the process of tax appeals, including negotiations based on the income approach to value. David shares some surprising cases and challenges in the field of tax appeals and discusses the future plans for the firm.

Chapters

00:00 Introduction and Background

03:00 Understanding Property Tax Assessment

06:23 Challenges with Assessments and Revaluations

12:12 Deadlines for Tax Appeals

14:05 The Process of Tax Appeals

20:48 Negotiating Assessments Based on Income Approach

22:21 Dealing with COVID-19 Impact on Assessments

26:31 Contingency-Based Pricing Model

29:31 Surprises and Challenges in Tax Appeals

35:23 Future Plans for the Firm

---

This podcast is sponsored by Kahr Real Estate Services (https://www.kahrrealestate.com/), a leading provider of in-person and online financial training for the commercial real estate industry.

Sign up for our live Excel modeling training class here: https://www.kahrrealestate.com/product/excel-for-real-estate-analysis/

Sign up for our self-paced Case Study course here: https://kahrrealestate.thinkific.com/courses/kahr's-challenge-cases