State Tax Commission Rules in Favor of Property Owners

BB&D attorneys Chris Bauman, Tom Rynard and Jason Turk represented two property owners before the Missouri State Tax Commission, successfully arguing that the St. Louis County Assessor and Board of Equalization had overvalued commercial property.  After an evidentiary hearing, the State Tax Commission agreed with BB&D’s expert evidence and found that the properties were overvalued by more than $1.6 million each, including a reduction of nearly 50% for one of the properties.  The property owners will enjoy significant tax savings as a result.