2024 commercial property reassessments

Achieve property tax savings during reassessment cycles

Nationwide, County Assessor’s Offices reassess their commercial real estate to meet current fair market value, most commonly seen on annual, two-year, or four-year cycles. Baker Tilly's tried-and-true methodologies and strategic approach have proven to be vital during these optimal times to achieve the highest reduction in property value. Without proper guidance, real estate owners and investors are at the largest risk of not only heavily increased property values, but also in respective property taxes when reassessment values are released.

Many of our national portfolio real estate investment trusts and other multi-state commercial real estate owners and investors are dealing with several counties in different states reassessing simultaneously. Owners are managing reassessment appeal cycles that span upwards of two years due to backlogged litigation schedules, making our nationwide reassessment consultants an integral part of their bottom-line. Our national network of commercial real estate property tax consultants provides seamless valuation reductions throughout your entire portfolio for parcels under reassessment, and achieve maximum property tax refunds for those out-of-cycle, ensuring holistic bottom-line savings year-over-year.

If there are parcels in your portfolio undergoing reassessment now or in the near future, contact our team today. A localized reassessment consultant will be in touch shortly.

2024 reassessments nationwide

Baker Tilly proudly represents some of the nation’s largest commercial real estate owners in successfully providing maximum property value reductions during times of reassessment across the country. Our team of consultants span all 50 states, providing local expertise and veteran experience to every major metro area, allowing our clients to rest assured that their portfolio is handled by the industry’s best. Below is a list of key state and county reassessments this year that is being consistently updated as new information comes in nationwide. To learn more about the intricacies of each individual reassessment, follow the respective link below, or contact us today to connect with your localized reassessment team.

Allegheny County, Pennsylvania

The real estate appeal deadline for Allegheny County, Pennsylvania is set for March 31, 2024. This year’s deadline is very important for commercial real estate owners and investors due to the equalization ratio being reduced from 81.1% to 63.6%. This translates to a nearly 28% increase in the market value of all properties in the county at the stroke of midnight on January 1, 2024. Further, a recent court ruling which reopens the 2022 tax year to appeal opportunities is also in effect with the same March 31, 2024 appeal deadline. In this instance, an Allegheny County Court of Common Pleas judge ordered the 2022 equalization ratio to be reduced from 81.1% to 63.6% (this ratio is still pending). This ruling sets up the same increase in value scenario described above for the 2022 tax year, leaving commercial real estate owners and investors with additional threat to their bottom lines.