Property Tax Consulting Services
Lower Your Property Tax Liability — Save 20–30%
Our property tax experts identify overvalued property taxes, secure assessment reductions, and manage appeals for you. Using the P3 proprietary benchmark database of assessed value and appeal outcomes, we help you pay only what’s fair — and nothing more.
Incorrect or Outdated Tariffs
Duplicate or Hidden Fees
Charges for Inactive Services
Estimated or Faulty Meter Readings
What Is a Property Tax Audit and Appeal?
A property tax audit and appeal is a detailed analysis of your assessed property values and an appeal to have those values reduced, ensuring accuracy and fairness. At P3 Cost Analysts, we combine valuation expertise, jurisdictional knowledge, and our proprietary benchmark database of property assessments and appeal outcomes to identify opportunities for savings and relief.
We manage the entire process—from valuation review and appeal filing to negotiation and compliance—so you can focus on your business while we secure the reductions you deserve.
Typical results: 20–30% savings on over-assessed properties and significant refunds from prior years.
What We Audit
Our property tax consulting process examines both real and personal property data, including:
Valuation accuracy:
Compare assessed values to market, cost, and income approaches
Asset inventory:
Confirm classification, location, and depreciation schedules
Appeal & exemption opportunities:
Identify applicable local incentives and abatements
Obsolescence studies:
Document functional and economic depreciation to justify
Tax compliance:
Ensure correct filing procedures and deadlines are met across jurisdictions
All assessments are benchmarked against the P3 proprietary database of comparable valuations and case outcomes, ensuring the most defensible and data-driven appeals possible.
Why Property Tax Costs Creep Up
Property tax assessments are based on mass appraisal methods, not detailed property-specific valuations. As assets age, markets shift, and improvements are made or retired, assessments often fail to keep pace with reality.
Here are the most common causes of inflated property tax bills:
“Over-assessment:
assessed value exceeds true market value or income potential
Misclassification:
real vs. personal property errors or improper asset grouping
Obsolescence:
physical, functional, or economic depreciation ignored by assessors
Double taxation:
assets taxed twice due to poor record matching
Faulty valuation methods:
Counties often use faulty methods that need challenging
Unclaimed exemptions:
missed pollution-control or industry-specific abatements
Without specialized review, you could be paying thousands in unnecessary taxes each year.
How Our Audit Works 4-Step Process
Locations lists and tax documentation are gathered to begin.
We present our findings and a course of action to file appeals
We file appeals and advocate on our client’s behalf, leaning on decades of experience to deliver bottom line results.
Benefits You Can Expect
20–30% average reduction in tax liability
Refunds or credits for over-assessments
Expert representation through appeal and negotiation
Benchmark-backed valuations using P3’s proprietary database
No risk — contingency-based engagement model
Who We Help
We serve a diverse range of asset-intensive organizations:
- Manufacturing and industrial operations
- Hospitality and resort properties
- Healthcare and senior living facilities
- Commercial real estate portfolios
- Educational and higher learning entities
- Heavy industry
- Anyone business spending above our category minimums
Frequently Asked Questions
How do you appeal and reduce an assessor’s determination of market value?
If you suspect your assessment is erroneous, it’s important to hire a qualified property tax advocate to file your appeal during the protest window and begin the process as soon as possible. Missing the deadline could result in overpaying your property taxes for one or two more years, as property taxes are typically invoiced in arrears.
Often, local assessors have an “open book” period between the first and second quarters of each year. If your case is well-organized, you can often speak with the assessor informally and sometimes resolve the issue without initiating a formal protest that triggers the county board or state property assessment appeals process.
That’s why it’s critical to get your documentation in order during the first quarter of the calendar year—so you can build a strong case and, ideally, avoid a lengthy appeal process.
What does a typical property tax review workplan look like?
- Review and evaluate property data – by first quarter.
- Evaluate initial assessment data and engage the assessor via the open book process – Depends on government filing windows.
- If needed, file local appeals – Depends on government filing windows.
- If needed, file state appeals – Depends on government filing windows.
If applicable, evaluate and complete environmental exemption applications – Depends on government filing windows.
As you can see, there are several deadlines and filings to consider in a property tax evaluation plan. This becomes even more complex at the state level, where rules of discovery typically apply. For these reasons, we recommend bringing in experienced professionals to assist with the process.
Are construction cost trends likely to impact my property tax assessments?
With inflation at its highest level in half a century—combined with elevated gasoline prices, rising interest rates, and significant labor shortages—it’s becoming increasingly expensive to build factories, warehouses, and other commercial properties. These macroeconomic headwinds are driving up the cost of steel, concrete, freight, mechanical systems, and other building components, adding to the final construction bill.
When you report your development costs to assessing agencies—through return filings, permitting, or other public disclosures—you’re likely to see significant increases in future tax assessments. These may differ substantially from your property’s actual market value, and may not reflect a fair, accurate, or equitable assessment. This disconnect can profoundly affect how much property tax you pay—both this year and in the years ahead.
Could there still be cost-reduction opportunities even if my property tax liability decreased from last year?
Absolutely. A reduction in a property’s tax liability can result from several factors unrelated to the property’s assessed value, including reassessments, legislative changes, abatements, and annexations. We recommend closely monitoring assessment changes relative to ongoing market indicators to identify potential savings opportunities.
What fact patterns would alert you to potential property tax and economic incentive opportunities?
When businesses are expanding, downsizing, consolidating, or involved in mergers or acquisitions, significant planning opportunities often arise. Larger discrepancies between assessed values and market values can also appear during periods of rising or declining commercial and industrial markets. As a result, substantial opportunities may exist for virtually any capital-intensive business with U.S. holdings.
Who can benefit from a property tax review?
Any capital-intensive business that pays a significant property tax burden can benefit. Our team has secured substantial property tax reductions for a broad range of clients, including those in manufacturing, distribution, utilities, hospitality, retail, office, financial services, for-profit healthcare, investment holdings/REITs, and agriculture, among others.
Related Services
Utility Auditing (Electric, Water & Gas)
Telecom Auditing(Phones & Internet)
Waste & Recycling Auditing
Merchant Processing Auditing
Uniform & Linen Auditing
Managed Print Auditing
Small Parcel Shipping
Maintenance Contracts
Ready to see how much your property is really worth — and what you shouldn’t be paying?
Schedule your free Property Tax Consulting review today.
No upfront cost. No obligation. Just expert representation — backed by the P3 proprietary benchmark database.
