Fred F. Filsoof of Coordinated Properties:Commercial property tax deductions

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) September 14, 2010 -- Due to the decline in commercial and industrial real estate values, many companies are paying more in property taxes than they should be. The current market conditions offer significant opportunities in property tax reductions for commercial and industrial property owners and lessees.

One of the few positives that can come out of the current state of the economy and the decline in real estate values is the opportunity for commercial and industrial property owners and lessees to reduce their property tax burden. Now more than ever, property owners and lessees need to be proactive to ensure their property tax assessments reflect the current market value of their real estate.

Real estate values dropped steadily for eight quarters from mid-2007 to mid-2009, to 48 percent below its mid-2007 peak. Current real estate values are 31 percent below their peak.

Because property values have dropped significantly from their peak in 2007, commercial and industrial businesses need to be proactive and have a review of their property tax assessments. When current market values fall below the value the assessor has placed on the property, the potential for a reduction in the assessment is great.

For more info:

http://www.fredfilsoof.com

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About Fred Filsoof

Mr. Filsoof also has been active in numerous civic and charitable organizations-a former regional board member of UNiCEF, Honorary chairman of NRCC Business Advisory Council, a supporter and organizer for Red Cross blood drive, an active supporter of Atlanta Ballet. Mr. Filsoof was appointed to the planning Board of Professional Children's School of new York City during May 2010. He will be directing the school's efforts in fund raising,grants and corporate sponsorship for school related growths and scholarship. In May 2010 Mr. Filsoof was appointed to the executive Board of Yangtze Repertory Theater Of America in NYC. The organization has received the highest national and international recognition. Mr. Filsoof's company has been distinguished by Highest Industry awards and Honors. He has been a frequent guest speaker at real estate symposiums and meetings throughout the area and he has been a consecutive member on "THE LIST" of Atlanta's Top Commercial Developers.

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