For more than 20 years, Affiliated Tax Consultants has provided consulting services to clients owning
commercial real estate, residential property, and trust properties. Our clients include large commercial
real estate asset holders, single to multi-property owners, homeowners, and the trust departments of
large and small banking
institutions.
Examples of the income-producing properties
we handle are warehouses, commercial office properties, small business
owners and subdivisions under various stages of development. Our staff reviews these properties utilizing three approaches to value. The income from the property is evaluated on the basis of investment
return and the associated risks. We develop income approaches
based on each property’s particular criteria. The cost approach
is utilized to determine a replacement cost of the property less all
areas of depreciation. The market approach requires an understanding
of the property to compare it with other like properties.
These
properties require a detailed analysis of the property to compare
with assessing authority records. We review their appraisals
to determine if all specifications regarding the property are correct. If the assessing authorities have used a market approach to estimate
the value of the property, we insure the comparable properties are
similar to the subject property.
Trust properties require
specific attention due to the nature of the trust arrangements. Financial Institutions are usually required to meet all compliance
requirements as well as specific tax payment requirements. As
consultants to various trust departments, we pay particular attention
to these properties to insure our clients meet all their trust agreement
requirements.
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