#476 Property Tax Management

Today's conversation is a bit of a departure for us, but it is such an important topic, property taxes. I know , nobody wants to talk about property taxes. But  if you don't talk about it, and you don't think about it, you're gonna pay more. Our guest Joshua Malancuk, founder of JM Tax Advocates explains the two components of property tax calculations; the tax rate and the assessed value. While you can't change your tax rate, which is set by your local government, you can present logical arguments for reducing the assessed value of your property. Most business owners don't have the experience to make the case for a tax assessment reduction on their own.  That's where professional tax advocates can play an important role. This is extremely important for capital intensive businesses, but individual taxpayers can benefit from the evaluation process as well.