Whether we are providing our clients with tax projections or preparing appeal cases to present to the appraisal district, RETC delivers the most comprehensive and accurate analyses in the industry. Our due-diligence, underwriting, and budgeting support are produced with investor-grade tax modelling and projections.
Each property tax appeal case that we review is analyzed using a minimum of four different appraisal approaches as detailed below. RETC combats property tax overvaluation and achieves maximum tax savings by taking a customized approach and determining which appraisal method builds the strongest case file for each property.
MARKET / SALES APPROACH
EQUAL AND UNIFORM APPROACH
According to the property tax code, all comparable properties in a given market area should be fairly and equally assessed. However, most properties are often not equalized due to appraisal districts’ lack of resources. Significant details are routinely missed that could result in a lower tax assessment for properties. RETC has proprietary software that benchmarks clients’ properties’ assessments with comparable properties’ assessments based on key metrics, such as value per square foot, year built, property condition, total square footage, land/building ratio, etc.
Since 1986, RETC has distinguished itself as a leader in ad valorem tax industries, saving millions of dollars for our clients and on average, delivering double-digit percentage tax savings for overvalued accounts. We have worked hard to establish ourselves as fair and honest in the eyes of the appraisal districts, and our clients benefit directly from the close working rapport we have established with them throughout the years. RETC is able to leverage its expert negotiating skills in order to secure a fair market value for our clients.
Expert Experience & Training
The RETC team is made up of highly trained and experienced property tax professionals with appraisal, broker, private equity/underwriting, and institutional investing backgrounds. The managing partners come from various real estate investment backgrounds and have first-hand experience with acquisitions and development deals. This experience allows RETC to offer unique insights and consultation services during the due diligence, holding, and disposition phases of projects.
RETC maintains the strictest hiring process in the industry and our employees undergo comprehensive, investor-minded, analytical modelling and negotiations training, along with ongoing advanced education in new technology, tax laws and industry standards.
Unmatched Client Interface
Communication is a core value at RETC and each client is assigned a personal account manager and a local tax consultant for each of their properties. Tax consultants communicate with each client directly on all property-specific issues and analyses, while our account managers focus on client-level matters. This configuration ensures quality service to our clients, while maintaining localized analysis on their accounts. As a client, you are never more than one call or email away from knowing the status of your tax appeals.
24 Hour Response Time
In the world of real estate, deals move quickly and our clients need partners that can move just as fast. RETC works hard to operate as an extension of our clients’ business and promises to promptly respond to and satisfy all client requests within 24 hours of receiving them. RETC is a dynamic company that understands the market and can change quickly to meet the needs of our clients.
Customized Incentives-Based Pricing
All real estate deals and companies are unique, therefore, there is not a single pricing structure that works for everyone. RETC provides customized and smart pricing structures that take into account fund-level versus property-level expenses, allowing asset and fund managers to manage their cash flows better. We have tiered fee structures that provide better incentives to consultants where fees are allocated on entire portfolios instead of per property. This helps to even out consulting expenses across the portfolio without being too heavily weighed upon any one particular property. Of course, we also offer a standard contingency fee structure where, when necessary, minimum and maximums can be set as well.