Help with HIGH tax assessment

[Timothy Reeb Jr]

Hi BP Community,

I've found a property for an investor In East Williamsburg, its a 6 unit and C-2 zoned. The taxes are incredibly high for this type of commercial property and I was hoping somebody might have some advice on why it is so high and how/if it can be adjusted. I appreciate any and all help.

Listed below is the property I want for my client and its tax breakdown

Year	Use code	Market value	Assessed value	Taxable	Tax rate%	Base tax	Current property tax
2013/14	C2	$871,000	$331,800	$331,800	13.145%	$42,009	$45,530

Listed below is an exact same 6 unit C-2(this is common for almost all in the neighborhood)

Year	Use code	Market value	Assessed value	Taxable	Tax rate%	Base tax	Current property tax
2013/14	C2	$558,000	$36,792	$36,792	13.145%	$4,836	$5,221

[Cameron Skinner]

every state and county is different but in my area you would first go down to the property appraisers office show equiviland sales and assessments in the area, and they will usally adjust, if over assessed.  If that doesn't work they have an appeals possess though a citizen board.  Be nice and approach it like I think there might be an error here. The apraiser has a lot of flexibility.