When you buy an apartment community, you’re buying leases, residents, and income as well as the buildings. RealAdvice® helps commercial real estate buyers pay only the taxes that they legally owe by separating non-taxable intangible value from taxable real estate at closing.
Which of these a purchase includes, and how much, depends on the property and the deal. Rules vary by state.
Bring us the deal at the letter of intent (LOI) or purchase and sale agreement (PSA) stage, while the allocation can still be written into the contract.
Every ProperTax Appraisal™ is signed by two credentialed experts: an MAI (Member of the Appraisal Institute) for the real estate and a CPA/ABV (Certified Public Accountant, Accredited in Business Valuation) for the business value. Our PairedExpert™ approach puts both on one reconciled report, restricted to state and local tax use and typically issued about ten days before closing.
The Florida Department of Revenue approved our methodology in 1991. Courts upheld it in the Disney rulings in 2018 and 2020, and it was vetted in federal bankruptcy court in 2022.
Yes. Stabilized properties often carry the most in-place lease value, because the buyer skips the cost and time of leasing up.
They can still qualify, with less in-place lease value to separate. The free estimate shows what’s there before you commit to anything.
No. The ProperTax Appraisal is restricted to state and local tax use. It doesn’t change your lender’s appraisal.