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Kansans Have Quick Deadline to Challenge Property Tax Assessments

By MarksNelson on February 19, 2018 in Articles, State & Local Tax

Most commercial property owners pay their tax bill no questions asked. Operating on autopilot is likely a costly mistake. Chances are when you receive your current assessment in the mail in February or early March it’s too high and you’re getting overbilled. In fact, some assessment values are going up as much as 10% in 2018.

Assessors in Kansas use mandated mass appraisal techniques and market averages to estimate your property’s market value annually. They often make simple factual, clerical, and methodology errors. Bottom line, they don’t know the specifics of your property and they don’t have the time to really take a look. Instead, it’s lumped in with tens of thousands of properties in the same area. Your property may have deferred maintenance such as roof, HVAC, plumbing, etc., that may lower the taxable market value but those things are not factored in since the assessor can’t look at every asset individually.

You have two opportunities to challenge the current assessment levied against your property by the county assessor’s office. The first is in the spring when the Notices of Appraised Value are mailed to property owners. Deadline for filing an informal appeal is 30 days subsequent to the postmark date of mailing of the Notice of Appraised Value. The second time to appeal is by Payment Under Protest. That deadline is in December or the following May.

Once the appeal process has started, it is best to follow through until satisfied. Once an appeal, is abandoned, paying under protest later for the same property and tax year cannot be done.

Our professionals understand your business and how to maneuver through the regulatory obstacle course. In fact, our clients typically receive a reduction in their property tax liability when MarksNelson appeals their real property assessment.

Contact Tim Anderson for help starting the appeals process, including the paperwork which must accompany the appeal application.

Need help? Click below to schedule your FREE tax appeal consultation today.

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MarksNelsonView all posts by MarksNelson
MarksNelson LLC works with clients to help safeguard and grow their businesses. Our ultimate goal is to help our clients to Move Forward. The firm provides Assurance, Accounting Services and Business Advisory, Business Valuation, Consulting, Cost Segregation, Employee Benefit Plan Audits, Litigation Support, Forensic Accounting, International Tax, State and Local Tax and Tax planning, advisory and compliance services. MarksNelson is a member of The Leading Edge Alliance, the second-largest international professional association of independently owned accounting and consulting firms, serving clients who need additional resources on a national or international level. MarksNelson has significant accounting and business advisory experience in the auto dealership, construction, insurance, manufacturing, distribution and real estate sectors. The firm was named among the 2014 Best Accounting Firms for Leadership Equity by the 2014 Accounting MOVE Project for its dedication to gender equity.