It's tax time again. Income taxes are due Monday and real estate taxes are due in a couple of weeks. It's not a particularly fun way to close the week, but here's a discussion of real estate tax trends impacting apartment investors in the Puget Sound region. No, it's not a fun topic, but we wanted to prove Jack Nicholson wrong. You can handle the truth.

1. Dupre + Scott Apartment Advisors www.duprescott.com

2. INTRO
It's tax time again.
Income taxes are due Monday and real estate taxes are due
in a couple of weeks.
It's not a particularly fun way to close the week, but here's
a discussion of real estate tax trends impacting apartment
investors in the Puget Sound region.
No, it's not a fun topic, but we wanted to prove Jack
Nicholson wrong. You CAN handle the truth.

3. Region:
up 8.5%
in 2012

5. Taxes increased
twice as fast as
rents since 2000

6. 2000 – 2008
average

7. You don’t want to be above average!
• On average, assessed values on apartment sales in the first
quarter were just 80% of sale prices.
• That Sounds good. But it’s just the average.
• 20% of the sales were assessed for more than the sale price.
• One-half of the over-assessed sales were over-assessed by
almost 20%. One-quarter by more than 25%.

8. See the video/article for these slides
plus advice about tax appeals from 3 experts:
Out of Whack
at
www.duprescott.com
Under the “Articles” tab