2024 property tax reductions we achieved for our clients

By Eric Owens, Director at Swartz and Associates

What do we define as success for our company? At the end of the day our main purpose as a property tax consultant is to save our clients money through the reduction in real estate tax dollars.

While the savings are the end result as a property tax consultant, we are solely focused on the valuation put in place on a commercial property. When that property is over-valued by an assessor, then that is when our services are needed to help find a solution to the valuation problem.

Some people aren’t aware of the numbers we are talking about. So we thought it would be a good idea to share some of the successes we had in 2024, including how much we were able to save our clients.

Below are some of the reductions we achieved for our clients in 2024:

• Big Box Retail – Wisconsin – $10,100,000 Value Reduction – $135,000 Real Estate Tax Savings
• Industrial Warehouse – Wisconsin – $4,200,000 Value Reduction – $102,000 Real Estate Tax Savings
• Multi-tenant Office – Iowa – $8,000,000 Value Reduction – $350,000 Real Estate Tax Savings
• Single-tenant Office – Iowa – $5,300,000 Value Reduction – $143,000 Real Estate Tax Savings
• Multi-tenant Retail – Iowa – $15,300,000 Value Reduction – $470,000 Real Estate Tax Savings
• Apartments – Missouri – $7,900,000 Value Reduction – $120,000 Real Estate Tax Savings
• Apartments – Missouri – $5,800,000 Value Reduction – $82,000 Real Estate Tax Savings
• Big Box Retail – Ohio – $2,700,000 Value Reduction – $75,000 Real Estate Tax Savings
• Special-Use Property – Kansas – $5,200,000 Value Reduction – $130,000 Real Estate Tax Savings
• Big Box Retail – North Carolina – $8,800,000 Value Reduction – $98,000 Real Estate Tax Savings
• Single – tenant Office – Iowa – $5,400,000 Value Reduction – $153,000 Real Estate Tax Savings

As a company, we are looking forward to 2025 and continuing to provide successful results for our valued clients.

If you or someone you know is interested in having us review and appeal real and business personal property tax valuations, please give us a call.