Retail Properties

At R&C Tax Services we are aware of the unique nature of retail, restaurant, and other multi-location companies, and this makes us very effective at reducing real estate tax liabilities for these kinds of businesses.

Our tax consultants have over 65 years of combined experience with retail properties. When we represent your property/properties we analyze rents and occupancy levels for the sub-market of the subject and compare the Potential Gross Income and Effective Gross Income of the subject to the sub-market. It is very important to understand the difference between leased fee income and market rent. We also analyze your operating expenses and compare them to typical Operating Expense Ratios. Often expenses are understated which might be okay with your banker, but isn’t to your advantage when presented to the assessor. Using the Income Approach to Value, the “appropriate Cap Rate” is required for an accurate indication of value. With our market research and knowledge we are able to identify a supportable range of Overall Capitalization Rates (Cap Rate). Along with the Income Approach to Value, we also subscribe to current market data publications that allow us to review comparable property sales.

We are aggressive in pursuing real estate reductions, and we also focus our attention on the accuracy of real estate tax billings. Chain operations are often leased, and this leads to unique billing arrangements. In independent locations, clients may pay 100% of the real estate tax liability of their property. But often leases are written requiring our clients to only pay a pro-rata share of taxes, especially in strip malls or shopping centers. In these cases, landlords bill the tenant a percentage of the taxes due on their space. Without careful review, mistakes and erroneous billing may cost our clients additional taxes. We work with landlords directly to ensure billings are fair and accurate.

Industry Experience

Caster & Wheel Sales

• Ace Casters

Party Rentals

• Star Walk of Dallas

Retail Services

• Wal-Mart
• Kmart
• Circuit City
• Builders Square

Sales of Fine Leather & Vinyl Cases

• Cases Unlimited