Property Tax Review and Assessment Analysis
Our Ohio property tax review is grounded in income, sales, and cost approaches to determine whether assessed value reflects market reality.
We evaluate whether a property’s taxable value is supported by market data and current economic conditions. Our review includes income performance, comparable sales, and replacement-cost analysis. Owners receive clear recommendations on whether action is warranted and the most appropriate path forward.
We help owners understand risk, timing, and procedural requirements so next steps are planned with confidence.
Our practice focuses on commercial and income producing properties.
What Our Property Tax Review and Assessment Analysis Includes
We conduct independent valuation reviews to determine whether assessed value reflects market conditions and statutory requirements.
Income Approach Review
We analyze income-producing performance to determine whether assessed value reflects economic reality. Our review typically includes:
- rent roll and lease review
- market versus contract rent analysis
- vacancy and collection loss considerations
- expense normalization and benchmarking
- capitalization rate support using market data
Sales Comparison Review
We evaluate recent market transactions to assess whether comparable sales support the current assessment. Our review may include:
- identification and verification of comparable sales
- adjustments for location, size, age, and condition
- evaluation of market trends and timing
- reconciliation of indicated value ranges
Cost Approach Review
We consider whether a replacement-cost analysis is appropriate based on property type and age. When relevant, our review includes:
- replacement or reproduction cost estimates
- depreciation and obsolescence analysis
- land value support
- comparison with assessor methodology
Our objective is simple. We determine whether the assessment is defensible and, if not, what evidence best supports a different value.
When an Ohio Property Tax Review Is Recommended
Property tax review is most useful when there is reason to question whether the current assessment reflects market reality. We assist owners in evaluating whether a review is appropriate in situations such as the following:
Significant Change in Property Performance
Assessment review is often warranted when income or occupancy has changed materially. Examples include:
- declines in rental rates or increased concessions
- loss of major tenants or increased vacancy
- higher operating expenses impacting net income
- stabilization after lease-up where assessment has not adjusted
We determine whether assessed value appropriately reflects current operating results.
Recent Purchase, Sale, or Refinancing
A review is recommended when a property has recently:
- sold
- been refinanced
- undergone restructuring
We compare the assessment to market value indicators and evaluate how the transaction should be treated under applicable valuation standards.
New Construction, Expansion, or Renovation
Assessment should reflect reality after construction or capital improvement. We assist when:
- projects are partially complete
- new construction is recently finished
- demolition or casualty loss has occurred
- property use has changed
We evaluate whether assessment properly accounts for completion percentage, functional utility, and cost considerations.
We help owners determine not only whether an Ohio property tax review is warranted, but also the most effective path to relief.
How Our Property Tax Review Process Works
Step 1 – Data Collection and Preliminary Assessment
We gather key information about the property and its current assessment. This typically includes the auditor’s valuation, property record cards, rent rolls, operating statements, recent sale activity, and construction history. We identify the valuation approach most relevant to the property and market conditions and flag any immediate concerns.
Step 2 – Independent Valuation Analysis
We evaluate assessed value using income, sales, and cost indicators. Depending on property type, this may include income-capitalization testing, comparable-sales review, and replacement-cost analysis. We compare results to the current assessment to determine whether taxable value appears overstated or consistent with market reality.
Step 3 – Recommendation and Next Steps
Owners receive clear written guidance on whether action is warranted. If relief appears justified, we outline available options, deadlines, filing strategies, and evidentiary needs. If the assessment appears reasonable, clients still benefit from a documented review and a clearer understanding of future risk.
Step 4 – Coordination With Appraisers and Valuation Professionals
When appropriate, we work with appraisers, consultants, and valuation experts to develop supporting evidence. We coordinate scope of work, ensure alignment with legal standards, and integrate expert findings into the overall strategy so that valuation opinions are credible and defensible.
Step 5 – Monitoring and Future Planning
We explain likely assessment trends, reappraisal schedules, and future risk points. Many clients ask us to revisit values annually or after major events such as a sale, refinancing, or major capital project to stay ahead of potential increases.
Types of Properties Served
Our property tax review and assessment analysis services focus on income-producing and commercial real estate. We routinely assist owners, managers, and investors with the following property types:
Office properties - single-tenant offices, medical office buildings, suburban office parks, and downtown multi-tenant towers
Retail properties - neighborhood centers, community shopping centers, lifestyle centers, big-box stores, restaurants, and mixed-use retail components
Industrial and warehouse properties - distribution facilities, flex buildings, manufacturing plants, and logistics centers
Multifamily residential - market-rate apartment communities, student housing, and mixed-use projects with residential components
Hospitality and lodging - hotels and extended-stay properties where real estate value must be separated from business value
Healthcare and specialized facilities - surgery centers, rehabilitation facilities, senior housing, and similar income-producing properties
Development and redeveloped properties - projects under construction, partially completed improvements, and properties transitioning to new uses
Frequently Asked Questions About Property Tax Review and Assessment Analysis
Ready to Discuss Your Property Tax Assessment?
If you believe your commercial property assessment may not reflect market value, our attorneys can help you understand your options. We review assessments, explain potential avenues for relief, and outline filing deadlines so you can make informed decisions.
National Property Tax Group’s sole Ohio representative