Business Personal Property Consulting

Often misunderstood, this area is a key specialty of Source Advisors. If taxing authorities reject the value opinion on a property tax rendition, our system flags any assessment exceeding our rendered value. At this point, in consultation with the client, Source Advisors determines if an appeal is warranted. If so, we will protest your property values and represent you in both informal and formal hearings. Upon filing an appeal, Source Advisors contacts the assessor’s office to negotiate the value opinion stated on the property rendition. We use the rendition, along with additional client-provided information, to support our case. Most value disputes are resolved informally. If the dispute remains unresolved, Source Advisors will take the case to a Board Hearing. Each side presents its evidence, and the Appraisal Review Board votes on the final assessment. Should the outcome of informal and formal hearings be unsatisfactory, Source Advisors is prepared to file for binding arbitration or litigation to maximize reductions on your BPP accounts. Most cases are resolved at the informal and formal Board Hearing levels. If a fair value cannot be reached, Source Advisors will consult with the client about costs and the likelihood of success in pursuing further action. Filing for binding arbitration or litigation often prompts assessors to agree to a value before involving outside counsel or arbiters. While binding arbitration and/or litigation is an option, it is not available in some states.