We take a creative approach to reducing the total tax liability rather than fighting over the assessed value. If a property is greater than ten acres in size, we work with farmers to establish a crop, ultimately changing the land designation to agricultural. This will drop the tax rate to as low as 1% of the current assessed value; whereas typical tax rates are close to 3.5% of the current assessed value. Dropping the tax rate by over 2% can save a client hundreds of thousands of dollars. Last year we saved clients over $1,000,000 by implementing this unique strategy. Having a lower tax burden will also make the property more marketable to third parties.
We have been successful 100% of the time and have recently completed over 20 tax reduction assignments locally. Our tax reduction clients include: United Properties, Children’s Hospital, Bremer Bank, Interstate Companies, Frattalone Companies, Dale Properties, Imation and many others.
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Cushman & Wakefield Minneapolis-St. Paul
3500 W. American Blvd, Suite 200
Bloomington, MN 55431
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.