The Pacific Northwest has been a hot market for multi-family in the past few years and the Assessors are aware of it. They are not, however, aware of many of the unique aspects of each multi-family property whether it be the vintage, condition, or specific rental and expense challenges.
We have a long track record of correcting overvalued apartments for a variety of reasons and are deeply acquainted with the vagaries of low income and MFTE properties.
Please contact us immediately if you have any concerns or questions about your multi-family properties’ value. With all the changes in the pipe for 2017 taxes, it’s important that you get a handle on these issues as soon as possible. We can help.