Self-Storage Property Tax Protests

Storage facilities get over-assessed because appraisers don't understand the business. We fix that.

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Never Miss Another Filing Deadline

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Now in All Texas & California Counties

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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.

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

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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.

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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

Self‑storage facilities are classified and taxed as commercial real estate based on assessed property value determined by local tax assessors, and owners can appeal if they believe the assessment is too high.
Real estate property tax expenses for self‑storage operators have shown increases due to higher assessed valuations, even as operators seek relief through appeals.
Property tax expense for a self‑storage operator decreased 12.3% and 11.6% in recent reporting periods due to tax relief on specific properties, but overall assessed valuations remain a key cost driver.
National self‑storage occupancy rates have recently averaged around ~91.6%, with public‑REIT ranges of about 85.8%–92.2%, highlighting current demand fundamentals that assessors should consider in valuation.
Self‑storage valuations have softened from prior peaks, with average prices per square foot declining about 12% from earlier highs, a trend that can influence market value benchmarks used in property tax assessments.
Rising property tax assessed values are a material operating cost for self‑storage owners and are frequently challenged through assessment appeals to align assessed value with income and market fundamentals.

Biggest Pain Points

Appraisers Don't Understand Storage Operations

Self-storage has unique economics: no common area maintenance, minimal staffing, fluctuating occupancy. Appraisers treat storage like apartments or retail — they're wrong.

Oversupply in Many Markets

Self-storage was overbuilt 2015–2020. New facilities flooded the market, driving down occupancy and rents. Your property faces more competition, which reduces value.

Climate Control vs. Drive-Up Confusion

Climate-controlled units command 40–60% higher rents than drive-up. Appraisers often apply uniform rates, overstating drive-up unit value and understating climate-controlled value.

How it Works

1. Free Self-Storage Analysis

Provide property address and unit count. We analyze storage market occupancy, rental rates by unit type, and comparable storage sales.

2. We Build Storage-Specific Case

We use actual financials (rent roll by unit type, occupancy trends), adjust for market oversupply and competition, and apply storage-specific cap rates (not retail or apartment cap rates).

3. We File Expert Protests

We present storage-specific income analysis to appraisal boards, proving your property's correct value.

4. You Save Money

Average savings: $8,500/year for mid-size facilities. $20K–$40K+ for larger properties. You pay 25% only if we win.

Avoid these Common Mistakes

Not providing unit-level data — Break down income by unit type (climate, drive-up, etc.).
Using apartment or retail cap rates — Storage has unique cap rates (7–8.5%). Demand correct rates.
Ignoring local oversupply — Document new storage facilities within 3-mile radius.
Not adjusting for occupancy trends — If occupancy dropped, so did property value.
Not protesting annually — Storage markets are competitive. Protest every year.

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