Commercial Properties
If you own or operate a commercial property, you know that managing the rising costs of property taxes can be a daunting responsibility. What many owners and management companies don’t know is that an annual review of their property assessment can often result in lower property taxes. Put the Floyd Company’s Maryland property tax assessment experience to work for you.
We handle all commercial properties, large and small, including apartment buildings, shopping centers, office buildings, warehouses, manufacturing facilities, and vacant land.
Property taxes can be one of the largest expenses for a commercial property owner. We will gather data and review your property from multiple approaches – sales approach (comparative market value), comparative assessment value, capital income valuation and various condition and market issues specific to your property. We will also consider zoning issues, any environmental or location issues and any significant fluctuations in multiple year income.
If our research shows that your property is over-assessed, we will proceed with the appeals process, and effectively represent you and your property throughout the entire process. This includes meeting and negotiating with assessors, and representing you in all formal reevaluations and hearings.
Residential Rentals
If you own and rent a property in Maryland, the Floyd Company can help you manage and control your property tax exposure.
We handle all kinds of rental properties, including single family houses, row houses, and small multi-family properties.
Owners of these properties may have just one unit or may have hundreds. We can review your full inventory and determine which properties should be appealed and which ones are currently fairly assessed (or sometimes even under-assessed). In addition to handling the appeal process, we will also track your inventory to determine when each property will be re-assessed and eligible for a new appeal. This helps you to manage your large portfolio and to minimize your overall tax expense.
Investment Properties
If you own investment and rental properties in Maryland, the Floyd Company can help you manage and control your property tax exposure.
We handle all kinds of rental and investment properties, including single family houses, row houses, and small multi-family properties, whether held for current rental income or for investment, rehab and sale.
Owners of these properties may have just one unit or may have hundreds. We can review your full inventory and determine which properties should be appealed and which ones are currently fairly assessed (or sometimes even under-assessed). In addition to handling the appeal process, we will also track your inventory to determine when each property will be re-assessed and eligible for a new appeal. This helps you to manage your large portfolio and to minimize your overall tax expense.
Home Owner Properties
As residential property taxes in Maryland continue to spiral higher, the need for proper property tax representation has grown too. We will review the residential property assessment for your home to determine that there is a potential for tax savings. If this is the case, Floyd company will provide you with representation in all property tax matters.
Homestead Credit Services. Many owner occupied residential properties have a large Homestead Credit (especially if you have owned and lived in your home for several years). In some cases, you may not be paying taxes on the full amount of your increased assessment, and do not need to appeal your property tax assessment. We will thoroughly review your Homestead Credit to see if an assessment reduction would result in an actual tax savings for you, and then recommend the appropriate action.
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Contact Us
PO Box 1691
Glen Burnie, MD 21060-1691
(410)-315-8282
info@floydcompanyinc.com