Benefits from the abatement process can be optimized by a thorough analysis of project valuation. The abated assessment should reflect the increase in actual value, not gross expenditures. This review can potentially lower the tax basis, thus resulting in a substantially reduced tax liability.
The abatement plan distinguishes qualified or non-qualified assets for abatement. Valu Tec completes all required filings, including the necessary forms for the establishment of an abatement zone (where applicable). Valu Tec attends all required meetings of the local taxing authority to present the abatement application, and files all appropriate responses. Valu Tec monitors the status of the abated property as well as prepares the annual compliance forms for the continuation of the tax abatement.
Please contact Valu Tec to obtain complete details of this service.