If evidence supports further reductions after the BOE hearing, we continue the protest by coordinating a lawsuit against the appraisal district – on a contingency fee basis, up until the trial phase. We will engage legal counsel and order appraisal reports, if necessary, at no cost – unless the Property tax is reduced or a Property tax refund is achieved by O’Connor. If owner rejects all settlement offers and elects to pursue a court trial, O’Connor will provide owner an estimate of costs associated with a trial prior to incurring any trial phase related expenses.
Property Tax laws allow owners to appeal assessments based on equality with similar properties. We are the nationwide leader in presenting sophisticated analysis supporting favorably assessed comparable, in addition to market value arguments. With a process for compiling and analyzing data for uniform and equal analysis, value reductions were achieved 69 percent of the time for commercial properties.
Our Property tax team achieve a higher percentage reduction than other consultants. They are the nationwide leader in presenting Appraisal Review Board or Board of Equalization with sophisticated analyses supporting aggressive values.
With O’Connor, no fees are due unless the property taxes are reduced. For states where property values are reassessed every year, fees are applicable for the protested year only. In fact, our team will continue to protest each year, billing only when savings are achieved. Multi-year fees may apply if owner benefited from Property tax savings for multiple years in states where property tax reduction is frozen in subsequent year(s).