During the 1980s CRE crunch, brothers Jeff and and Rick Kurz experienced it as brokers struggling to make a deal. From the '87 CRE crash, Kurz Group, Inc was founded. This time around, the pair is seeing it as principals of their property tax consulting company, helping owners analyze (and potentially) appeal the value of their commercial real estate properties. Representing 700 individual clients (6k accounts on the tax rolls), Jeff says real estate property taxes tend to be one of the largest single expenses a business owner may have.
Kurz team members: Jeff, Mark Vandagriff, Taylor Kurz, Rick; seated, Laura Jordan, LaVada Mills and Terri Goodenough (we’re adding her to our cool names list). Rick says values on tax rolls need to reflect reality. Appraisal districts can benefit from information that firms like his provide on market conditions. “You don’t want to be at a disadvantage for leasing space in this market by paying more in property taxes than your competitors,” Rick adds. Away from a taxing day, Rick likes to golf and travel, or combine the two. Rather than gambling on the greens, Jeff prefers his once-a-week poker games.