Tax Minimization

PacWest specializes in tax minimization with the annual review of property assessment notices to determine if the valuation is “fair and equitable.” Our process starts with a comprehensive review of the assessor’s working papers as well as market transactions to ensure the assessed value is not above market value as at July 1. We also review of the property tax classification and exemptions.

We follow up by reviewing the assessment values of similar, competing properties within the subject neighbourhood and/or taxing jurisdiction in comparison to the subject property.

Lastly, we review the annual property tax notices to ensure that the assessed value is accurate, all exemptions are applied and the property taxes as calculated are accurate.

Where any discrepancies or errors are discovered, we set out the issues for before the taxpayer with our recommendations and appropriate strategy. We then secure the mandate to enter into proactive dialogue and information exchanges with the Assessment and Taxation Authorities in an attempt to resolve the identified issues.

By following each step for tax minimization, the taxpayer can be assured that their annual property tax expense is fair.