Experienced Property Tax Attorney for Businesses in Warren, MI
At Fakhouri Law Group, PLC, we have an excellent reputation for our skilled representation in real estate and property tax matters for small to medium sized businesses and corporations in the Warren area and throughout Southeast Michigan.
Fakhouri Law Group's greatest asset is the expertise of its lawyers and professionals, and their dedication to your success. The firm recruits team members who combine the highest standards of legal expertise with a passion, commitment and enthusiasm for our clients, their personal matters, and their businesses in Michigan.
We believe that the long-run success of Fakhouri Law Group, PLC, depends on the service and results we provide. We also understand that our talents as lawyers should be utilized to bestow truly effective representation to our clients. We do not aspire to run a client's business. Rather, we aim to enable clients to operate their own business with minimal interruption from legal problems.
When it comes to real estate law, we can help you guide your corporation, partnership, limited liability company, joint venture, not-for-profit corporation, or community association past the legal and regulatory hurdles necessary to sustain long-term success.
Fakhouri Law Group's clients in the Warren area include companies in a wide range of sectors, including:
- Real Estate
- Advertising and Marketing
- Food Services
- Private Equity
- Medical Marijuana
- And Many More
Dedicated Real Estate Lawyers & Trial Attorneys
Real estate disputes---whether they involve foreclosure, design and construction defects, boundary disputes, purchase and sale contracts, commercial leases, property insurance, partnership disputes, claims involving breach of fiduciary duty, or property tax assessments -- require knowledgeable and experienced real estate attorneys in Michigan to navigate.
Fakhouri Law Group consists of experienced, skilled trial attorneys who collaborate with the top experts in related fields to achieve the most favorable outcomes for our clients.
Our experience includes:
- Buying or Selling
- Real Estate Leasing
- Zoning Board and Variances
- Closings and Title Review
- Construction and Contractor Agreements
Our experience in adversarial proceedings includes trials before juries and judges as well as alternative dispute resolution channels such as binding arbitration and non-binding mediation. While we support resolving disputes outside the courtroom, we are fully prepared to argue any case in state or federal trial and appellate courts.
In every instance, our goal is to provide the best, most cost-effective service for our clients, who include buyers and sellers of real estate, property owners, condominium and homeowner associations, investors and real estate developers, contractors, banks, private lenders, borrowers, landlords, tenants, and more.
Get your commercial or residential real estate taxes lowered with a property tax appeal!
The property taxes you pay are primarily based on your property's assessed value as determined by the County Assessor. If you disagree with the value established by the assessor or believe you may be paying too much for property taxes, Fakhouri Law Group can help you appeal your property tax assessment and help you realize thousands of dollars in tax savings.
What does my tax assessment mean (what is the difference between assessed value, taxable value, state equalized value, and fair market value)?
Your tax assessment should list several values for you to review:
- Assessed Value: This value is equal to 50% of the true cash value (which generally means fair market value) of the property according to the local assessor.
- Taxable Value: This value is the amount that will be subject to the millage rate to determine your property tax. This value can never be more than the assessed value and is typically lower than the assessed value. Your first assessment after purchase of the property will typically show that the taxable and assessed values are identical. After the first year of ownership, the assessed and taxable values can diverge because the taxable value can only go up by the rate of CPI or 5% whichever is less for each year of ownership, while the assessed value has no such limit.
- State Equalized Value: Except in rare cases where an equalization factor other than 50% has been applied by the county in which the property is located, the State Equalized Value will equal the Assessed Value.
What is the value of an appeal?
The immediate value of the appeal will be the tax savings for the year that the taxpayer is appealing. However, if the appeal results in a significant reduction in the property's taxable value, the tax savings can be recognized over multiple years from a single appeal.
We can prepare a cost/benefit analysis specifically for your property to aid you in deciding whether an appeal is recommended for your particular situation.
Our team of real estate attorneys is located in Southfield, Michigan and we strive to be on the forefront of the law and its emerging trends. Many real estate concerns are time sensitive, and we will make ourselves available anytime and on any day of the week to give you the advice you need. Call today or fill out our online form to request a free consultation.