NNN deals and over-assessment — 15 min research question
Hi Russell,
Quick question from a founder doing research — not a pitch. In NNN and net-lease investment sales at the $1–8M level, the property tax line flows straight through cap-rate math — so when an assessment is clearly too high, I'd guess you see it reprice deals before anyone else does. True?
I'm researching a contingency appeal service for exactly this tier (owner pays only a percentage of savings actually won, nothing otherwise), and whether brokers like you would ever refer it — to a seller cleaning up NOI before listing, or a buyer inheriting a bad assessment.
From county data, buildings assessed 25%+ above comparable properties in their own assessor neighborhood are common, and the owners have almost never appealed. Georgia's 2026 appeal windows are open right now.
Could I grab 15 minutes Tuesday June 16 (12–2:30pm ET) or Thursday June 18 (12:30–4pm ET)? Happy to work around you. I'll share what I learn across these conversations.
— Stephen Fong