If you’re like 80% of our dental clients, you own your office building or condo. And your largest operating expense in renting that space to your practice is usually the property taxes paid on the building’s value. While COVID-19 may have reduced your practice profits, it may also provide a silver lining in potentially reducing the property taxes on your building.

While residential real estate values have skyrocketed more than 20% in most markets over the past 12 months, that’s not the case for commercial office buildings. Sales of office buildings have declined dramatically, and values are down 20% or more from recent highs due to higher vacancy rates stemming from COVID-19.

If you feel your office building’s assessed value is higher than its true market value, you can...