Real Estate Taxation

Taxes are a big part of the real estate industry, from ongoing taxes to special assessments, sale-related taxes, and tax exemptions or abatements. At KMK, we have extensive experience with all aspects of real estate-related taxation; and we regularly provide our clients with counsel that can alter their taxation situation or help them gain tax benefits, such as for development projects that have community benefits.

Our lawyers have experience in all areas of real estate taxation and we provide the following services:

• Handle real estate tax appeals on everything from vacant farmland to large industrial complexes
• Handle litigation matters from local county boards of revision up to the Ohio Supreme Court
• Deal with tax exemption applications to the Ohio Tax Commissioner
• Assist on financing projects where tax exemptions and abatements are a necessary part of tax increment financing or other non-traditional financing
• Handle tax-free exchanges of real property

Experience

• Reduced the value of a suburban office complex from $56,000,000 to $17,000,000 resulting in a refund of $708,500
• Reduced the value of a downtown Cincinnati office from $42,150,000 to $28,000,000 resulting in a refund of $383,500
• Reduced the value of a downtown Cincinnati hotel/office from $33,000,000 to $9,700,000 resulting in a refund of over $600,000
• Reduced the value of a downtown Cincinnati office building from $32,250,000 to $24,000,000 resulting in a refund of over $190,000
• Obtained a value reduction of $18 Million to $13 Million on an industrial property