Appealing to property tax increase

[Aaron W.]

I received a notice for hearing with the county Board of Review for our multifamily property in Dayton. Apparently, the Board of Education there tracks commercial sales and files against these properties once they are sold to raise appraised value for property tax calculations.

How have you dealt with this situation?

I believe in paying our share of taxes, but if it goes up proportionately to the rate we are currently paying, then this makes the property less appealing and we may end up dumping it and nixing a large multifamily we are under negotiations for right now.

Thanks for your thoughts!