Property Tax Consulting & Due Diligence
This practice area integrates all of Zipp & Tannenbaum, LLC expertise and disciplines. We are often asked to assist existing and new clients during the due diligence phase of real estate investment deals. Examples of the consulting and due diligence services provided include: preparing projections of future property taxes, quantitative risk-benefit analyses of conventional taxation versus PILOT/Tax Abatement programs, and analysis of potential property tax implications of a transaction.
As part of the due diligence process, clients also often request the firm to provide contract clause language relating to property tax issues to protect and achieve the goals of buyers, sellers, lenders or investors. Specific types of contract clause language that could be provided would address issues such as disposition and control of pending property tax appeals, allocation of proceeds of future tax appeal refunds and credits, and treatment of farmland rollback tax issues.