CPTP

The real estate market, known for its historical highs and lows, has been on a hot streak, with property values continuing to rise. Coupled with surging inflation rates and changing fiscal policies, property taxes in the U.S. are reaching new heights that put owners in a tough spot. Property owners, especially in states with high taxes, need to budget a massive chunk of their operating budgets for property taxes.

Reducing this immense tax burden is an ideal way for owners to improve profitability. Yet, even sophisticated owners may not know their rights when appealing their property taxes. This lack of knowledge requires them to seek the assistance of reliable property tax experts to maximize their tax savings.

Enter Commercial Property Tax Professionals (CPTP), a boutique commercial and residential property tax consultation and representation specialist.

Founded by a group of seasoned tax professionals, they specialize in offering the full spectrum of services that help clients navigate the murky waters of the property tax appeals process. The tax appraisal, analysis, and forecasting experts at CPTP bring a wealth of knowledge in real estate and tax consulting to deliver a superior suite of property tax appeal services to commercial and residential property owners. Their team of dynamic professionals conducts reviews, files appeals, and presents the tax appeal case to local tax boards and assessors to help clients truly reduce their real estate tax burdens. The burden of the entire process is shifted from the property owner to seasoned professionals.

“We are committed to delivering the best results for our clients. Our team reviews properties carefully to identify opportunities for reduced property assessments and achieve the highest possible savings,” says Arthur Przybyl, Principal and Senior Tax Representative at CPTP.

At CPTP, the team uses a step-by-step methodology to perform successful property tax appeals. Their systematic approach begins with preparing all documents necessary to file an appeal. The team then reviews the values assigned by the assessing authorities. Their partnerships with various government entities complement their valuation excellence. Opportunities for adjustments are found after evaluating the subject properties and relevant market data.

The company considers sales comparisons, income capitalization, property costs, and equity analysis to build a case for negotiating with assessors.

This time-tested model, combined with their customer-first approach to service, gives CPTP the ability to determine the reasonable taxable value for their clients and to challenge the assessor’s appraised value of their properties. The company primarily focuses on commercial properties, including office buildings, retail centers, malls, car washes, banks, multi-family apartments, airplane hangars, and assisted living facilities. They also offer a complete tax appeal program for residential property owners to significantly reduce their taxes as well.

“We cover all aspects of property tax appeals. Our expertise is demonstrated by the significant amount of money we save our clients,” says Przybyl.

A recent success involves a multi-family property client who approached CPTP for assistance. The team worked with them to perform a thorough valuation of their properties and succeeded in reducing their tax from $35 million to $20 million. This allowed their client to successfully get refinanced and keep the property, instead of losing it through foreclosure.

This instance testifies to CPTP’s operational excellence, which is driven by the quality-over-quantity approach. The company focuses on a long-term engagement model and strives to build solid professional relations with customers by keeping their needs upfront.

For CPTP, the results speak volumes. Their clientele has consistently grown since their inception, with virtually no attrition. The company is known for being highly responsive through emails or phone calls, a rarity in their industry. With all these capabilities and a dynamic team of experts leading CPTP, it’s now easy to say that the firm is an ideal partner for commercial and residential clients in reducing their ever-growing property taxes.