2018 Real Estate Tax Assessment Appeal Agreement
Between Dixon Commercial Real Estate (“DCRE”) and Property Owner / Agent (“We” or “Us” or “Our”)
Assignment: This letter will confirm that I have authorized DCRE to evaluate and represent us in the appeal of the real estate tax assessment of our property(s). We will promptly provide DCRE any requested information required to pursue the appeal (subject to availability).
DCRE may resolve our petition or withdraw from this agreement at any time if it determines that the property is fairly assessed, or that additional efforts are not warranted. We understand that no guarantees have been made as to the likelihood of reducing the assessment on any particular property.
Payment: As compensation for this service, we agree to promptly pay DCRE a CONTINGENT FEE OF 20% OF THE TAX BENEFIT realized from a reduction in the tax bill. This fee shall be charged for all tax benefits achieved for the current or prior tax years that are a direct result of actions taken by DCRE. IF THERE IS NO REDUCTION, THERE WILL BE NO CONTINGENT FEE.
Tax Benefit = (“Preliminary Values” – “Revised Values”) x Millage Rates
(Example: ($200,000 – $100,000) x .02 = $2,000)
This does not include discounts for early payments or interest owed for late payments on the difference between the 75% paid and the new adjusted bill.
Earned fees are due and payable within 30 days of invoice if taxes for the subject property have not been paid. If taxes have been paid, earned fees are due and payable 30 days after the issuance of a tax refund. If DCRE takes any action to collect a delinquent fee, we agree to pay all costs of collection, including reasonable attorney fees. In the event fees are not paid when due as provided by this agreement, DCRE is authorized and shall have the right to record a lien against the real property identified herein to secure such fees, following 30 days written notice to us.