Each year, every commercial property owner in Canada is required to pay a certain amount of money in taxes to the government. However, there are a number of cases where some of these owners find themselves paying more than they should. If you feel that you are paying too much in commercial property taxes, then you should involve qualified tax consultants to help reduce your tax burden.
Commercial Property Tax Consultants in Toronto
If you have a commercial property in Toronto, you can find seasoned property tax consultants that are capable of helping you with any tax-related issues. Whether you need help with the managing of your property tax or reducing your tax burden, these consultants can offer you the kinds of services you need. They can help you with:
1. Property Tax Management
If you are a real estate property owner or manager with large and complex commercial properties under you, any assessment increase or tax hike can catch you off-guard, exposing you to serious financial risks. Fortunately, you can trust these consultants to handle every aspect of your property tax management all year round, enabling you to focus on your business. For instance, they will:
a) Combine a complete inventory of your tax parcels
b) Verify and report on the tax jurisdiction assessments
c) Verify your property tax liability bills
d) Make tax appeal recommendations
e) File and report on the tax appeal process
f) Audit and document the payment of your tax bills
2. Commercial Property Tax Assessment Appeals
If your commercial property has been assessed at a value that is above its actual market value, these tax experts can help you to initiate the assessment appeal process in order to tackle the unplanned increment in your property tax liability. However, the appeal process can be long and complex and it involves a lot of documentation and comparison between different properties and assessment jurisdictions. Fortunately, these consultants have the resources, expertise and experience to handle the appeal process, which can reduce your tax burden.
3. Commercial Property Tax Litigation
Should your property assessment appeal go to litigation, you will definitely need a qualified litigation attorney and reliable testimony from a seasoned appraiser that can withstand rigorous legal scrutiny. However, gathering the appropriate documentation and compiling a worthwhile strategy is an extremely complex undertaking that requires expert knowledge, time and resources. Fortunately, there are highly qualified commercial property tax consultants in Toronto who can help. They normally offer topnotch property tax litigation, as well as case management services. They have many years of experience managing key litigation aspects and offering strategic insights.
These experts can also help reduce your tax bill by correcting any inaccurate data about your property and enabling you to take advantage of any applicable tax exemptions. By enlisting the services of qualified tax consultants, you can save significant amounts of money on your tax bills. If you need the best Toronto property tax consulting service, there are renowned tax consulting firms out there that can meet your needs.