Urban Retail Tax Services

Real estate taxes are a significant expense to a property. Urban Retail understands the shopping center real estate industry and can provide our clients with the expertise to negotiate a reduction in their property tax bill. During these economic times, when many commercial property values are in decline it is more important than ever to make sure assessments reflect the current value of a property. Urban has been in the shopping center industry for over 37 years, managing assets for a wide range of clients. We have long term experience in valuation and expertise in pro-rata share of taxes for integrated, complex properties. Our staff of in-house experts have access to each property’s financial data as well as a thorough understanding of the property’s physical and financial condition. Based on the current conditions of the property, Urban can analyze and create future projections as it relates to the value of an asset. In addition, we are able to identify and value intangibles to achieve significant assessment reductions by determining the value of trade names, management and advertising arrangements and other non real estate values. Our team has an excellent understanding of competing properties within a market that enables us to compare other real estate values to those we are reviewing for tax reductions. If you would like more information on how Urban can negotiate a real estate tax reduction for your property, please contact Maury Fisher, Senior Advisor, Property Taxation at fisherm@urbanretail.com or 312-915-2519.