European Property Tax

Property Tax Management

The property tax function for all types of commercial real estate needs to be better managed.​  Whether you are a multinational or local business operating in Europe and own or lease commercial or industrial property, a one-stop shop to manage and mitigate property tax for your portfolio of European assets is a great solution.

Ryan’s proprietary Optimus™ property tax software is a comprehensive management system with multilingual and multicurrency capabilities. ​It features an AI-driven optical character recognition (OCR) function that scans tax bills and other important documents. Thanks to its self-learning capabilities, it knows exactly where to extract and store data the next time.​

Property Tax Mitigation

Ryan offers a unique global tax mitigation service in several European countries for commercial property owners and tenants. ​Our team of local property tax experts analyses property tax assessments and recommends appeals where warranted. They establish target values and identify specific appeal issues for review and approval. If authorised, these appeals can recover both overpaid taxes in arrears and prospective taxes, depending on the country. Ryan is committed to full transparency throughout the appeal process, including regular updates.

Unlike in the United States and Canada, European property tax assessments are typically not based purely on market value (except in the Netherlands).​ Depending on the country, appeals are sometimes based on factual errors, misclassification, or incorrect depreciation. Such appeal opportunities are not recurring because new values are not always issued annually. However, when reductions are granted, they typically apply to multiple years, both retroactively and prospectively, depending on the country.​

Generally, European taxing authorities are not heavily reliant on technology, impeding transparency and access to the data required to determine the proper level of taxation. Ryan can ensure that commercial real estate owners and tenants do not pay more than their fair share of local real property taxes.

Why Choose Us?

Each European country has its own property tax laws, rates, and regulations. They usually vary considerably from country to country and can be confusing and hard to track. Misunderstanding these complex rules can lead to missed opportunities to recover overpaid taxes, overpayment of current taxes, and penalties or interest for noncompliance. Our team of seasoned tax professionals specialises in local property tax issues to ensure you pay no more than your fair share of these taxes. Ryan is the only firm offering pan-European management and mitigation of real property taxes.

To learn more about our real property tax management and mitigation services, contact Michael Allen at michael.allen@ryan.com or Jean-Marc Subregis at jean-marc.subregis@ryan.com. Alternatively, you can book an Optimus PT demo.