Commercial & Industrial

 

Available Support Services

• Analysis of property tax obligations and assessment appeals compliance requisites.
• Preparation and filing of the necessary forms, appeals, and supporting documentation.
• Analyzing company records in order to properly classify taxable property and transactions and to identify items which are tax exempt are in a non–assessment or abatement status.
• Negotiations with the proper governmental officials, including the compilation of documentation for real estate and personal property assets, necessary to ensure equitable assessments to realize the maximum tax savings.
• Consultation and advice pertinent to the real property tax climates in various communities where expansion and/or acquisition plans are being considered.
• Estimates of real property tax liability for facility improvements or addition.
• Analysis of assessment status, financial situation and work to determine if an appeal is supportable.
• Tracking states and counties time tables for assessment dates and appeal deadlines to assure compliance.
• Negotiations for our client at any stage of the process.
• Project Management for Property Assessment for Mega–Industrial properties.

Real Property

• Manufacturing & Industrial Facilities
• Hospital & Medical Facilities
• Hotels & Motels
• Multi–Family Complexes
• Office Building
• Shopping Centers
• Environmentally Impacted Properties

Examples:

Apartments

We routinely consult and provide representation on conventional multiple–family projects. Our research consists of a strong data base of sales, rentals, capitalization rates and other supporting data. We subscribe to numerous sources to assure current and accurate data. We have repeatedly been successfully appealing apartments that consist of several hundred units.

Commercial

Our company has successfully appealed properties such as Shopping Centers, Golf Courses, Hospitability, Health Care, Office Buildings, and other similar properties.

Industrial

Over the years we have had the opportunity to work with property owners on the appeal process for Landfills, Warehouses, and Manufacturing Plants

Mega–Industrial

The consultants at Forrestal stand with a very small group of professionals. We have completed assignments on large industrial properties such as;

• A coal fired electric power producing plant.
• An industrial property with over 15 Million square feet of improvements with over 3,000 acres of land.
• A manufacturing/warehouse facility with over 2.3 million square feet of improvements.

Project Management

Project management is one of the focal points in the direction of the company. Several contracts has been fulfilled in the recent past whereby Forrestal serves as point manager for the property owner or assessing bodies with a team of researchers, appraisers, other professionals and support staff. This eliminates the time involvement by the client and has served to be highly effective in both costs and results.

Environmental Impact

• “As Unimpacted” and “As Impacted” Analysis of contaminated property
• Formed in 1989 to work specifically on Environmental Contaminations, our group has worked on a number of projects for damage control and class action litigation.
• Loss of value from contamination as it affects the real property assessment
• Estimating the loss of value from “Lingering Effect” of contamination.
• Our expertise in working in this area enables our staff to analyze the impact that environmental conditions might have on your real property assessment

Guidance of the Uniform Standards of Professional Appraisal Practice (USPAP)

• Heath Stuard is a Certified Tax Representative in Indiana and Tennessee. He also holds an Indiana Brokers License and Kentucky Sales Person License.
• The services provided by the consultants as set forth in this web site is intended to follow guidance from Advisory Opinion # 21 as a non-appraisal practice that permits valuation services that are not governed by the Uniform Standards of Professional Appraisal Practice. USPAP requirements are that the services to be provided are not misrepresented. Our clients should understand and agree that the Forrestal Group, Inc., Heath Stuard, and its associates are property tax representatives and provides services nationally and will be acting in the capacity of a tax representative and not as an appraiser, real estate broker, or salesperson.