Apartment Complex Property Tax Protests (5+ Units)

Large multifamily properties get crushed by over-assessments. We use an income approach to slash your property taxes.

Talk to a Tax Consultant



⏰

Never Miss Another Filing Deadline

🏘️

Now in All Texas & California Counties

💵

Pay Only 25% of What We Save You

Never Overpay Again.

Property taxes are one of the biggest expenses for any owner. Miss a single exemption or let the county over-value your property, and it could cost you thousands every year.

‍
The appeal process is complex and time-consuming by design. That's exactly why we handle it for you.

‍
Our state-licensed consultants know how to file for every exemption and build a case that gets results. With data on 158M+ properties, we know what your home should actually be assessed at—and we'll prove it.

‍

You've got enough expenses. Your property tax bill shouldn't be higher than it needs to be - and with our "no savings, no fee guarantee" we only get paid if you see a reduction.

Key Property Tax Stats

In Williamson County, commercial apartment owners averaged a 7.6% reduction in assessed value through property tax appeals, with average annual property tax savings of about $96,750 per appealed apartment property.
Appeals of apartment property assessments in Williamson County reduced initial assessed values from $10.2 billion to $9.4 billion, resulting in $20.8 million in tax savings at a typical 2.7% tax rate.
Across multiple jurisdictions, 40% to 60% of property tax appeals result in a reduction of assessed value, with successful appeals often yielding 10% to 15% reductions in the property’s assessed value.
Apartment complexes make up a large share of commercial property value in many counties, and value cuts after protests commonly range from about 6%–22% depending on age, type, and appeal outcomes.
The income approach remains a primary valuation method for multifamily and apartment properties, where net operating income and cap rates largely determine assessed value for tax purposes.

Biggest Pain Points

Appraisers Overestimate Your Net Operating Income

Appraisal districts assume higher rents, lower vacancy, and minimal expenses. Reality: Your NOI is 15–25% lower than their projections, which means your property is worth less and should be taxed less.

Cap Rate Compression Ignored

When interest rates rise, cap rates rise — and property values fall. Appraisal districts lag 12–24 months behind cap rate changes, meaning you're paying taxes on outdated valuations.

Class B and C Properties Get Compared to Class A

Not all apartment complexes are equal. Your 1980s Class B property gets compared to brand-new Class A luxury apartments. You're subsidizing their value in the appraisal data.

How it Works

1. Free Apartment Complex Analysis

Provide property address and unit count. We analyze actual NOI, market cap rates, and comparable multifamily sales.

2. We Build Income-Based Case

We use your actual financials (rent roll, T-12 operating statement), adjust for market vacancy and expenses, and apply current cap rates to determine true value.

3. We File Expert Protests

We present detailed income/expense analysis to appraisal review boards with licensed appraisers for large properties ($5M+).

4. You Save Massively

Average savings: $18,000/year for 50-100 unit properties. $50K–$100K+/year for 200+ unit complexes. You pay 25% of first year savings only.

Avoid these Common Mistakes

Not providing financials — Actual NOI is your best evidence. Provide T-12 statements.
Using outdated cap rates — Cap rates rose 150–250 basis points in 2022-2024. Use current rates.
Not adjusting for property class — Class B/C properties should use Class B/C comps, not Class A.
Ignoring deferred maintenance — Needed capex (roof, HVAC, parking lot) reduces value.
Not protesting annually — Markets change. Protest every year to stay current.

End Unnecessarily High Property Taxes this Year

TaxDrop makes it easy to never pay more than you should by securing all exemptions and protesting high assessments annually. Book a call now to see if you're overpaying and how to get it back.

Talk to a Tax Expert