Brothers go in search of fair appraisals
Many businesses downshift into summer mode after Memorial Day. But things are still in high gear at Kurz Group Inc. in Dallas.
The property tax consulting company goes to the mat for commercial, industrial, retail and corporate business owners on their tax appraisals, and final deadlines are looming.
The easy cases are finished. Now the 15-person firm, owned by brothers Rick Kurz, 53, and Jeff Kurz, 51, is appealing the unfavorable decisions, trying to reduce tax valuations on real estate and business property owned by some of its 6,000 active clients.
“This is a volatile real estate market,” Jeff says of the North Texas counties his firm practices in. “Our job is to look at the market and make sure our clients aren’t paying more than their fair share. We don’t go at it from an adversarial standpoint. The people we work with at the appraisal districts work just as hard as we do to get it right.”
Over the last three years, Kurz Group has shaved off $95.3 million in property taxes for clients including Lincoln Property Co., Michaels Stores Inc., Texas Instruments Inc., Mitsubishi Motors of North America Inc. and Caruth Properties, Jeff says. That translated into more than $5 million in annual revenue for the firm.