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Brookfield Properties

Vice President, Property Tax

Brookfield Properties, Denver, Colorado, United States, 80285


Location

Denver - 7351 E.29th Avenue

Business

We know that a “one-size-fits-all” approach doesn’t work when it comes to residential living. That’s why, at Brookfield Properties, our portfolio features a wide range of options for any stage of life. And though our properties may be diverse, one thing is universal: all offer the unparalleled quality, service, and support our residents deserve.

If you’re ready to be a part of our team, we encourage you to apply.

Job Description

Overview:

The Vice President of Property Tax Valuations & Appeals is tasked with minimizing property taxes assessed against Brookfield assets. This is achieved through a comprehensive analysis of the property tax process and department functions, including but not limited to all aspects of real and personal property tax reporting, valuations, appeals, and oversight of the compliance function as it applies to the preparation, review, and filing of income and expenses and rent rolls with taxing authorities. Additionally, the role involves providing property tax projections for the Development and Acquisitions teams as they pursue and close on new assets.

The primary responsibility is to minimize the property tax liability of the portfolio by applying property tax laws and regulations, developing relevant valuation models, and presenting compelling appraisals that support Brookfield's property tax valuation position. This entails investigating properties, collecting and analyzing data, preparing appeals and appeal appraisals, submitting documentation, negotiating directly with assessors, and presenting cases before appeal boards in various jurisdictions. In this function, the successful candidate must possess both the knowledge and ability to present appeal cases before taxing authorities, appeal boards, and courts in order to obtain valuation reductions that lower the property tax liability on multiple property classes, in numerous jurisdictions. Where it is in the financial best interest of Brookfield, the VP must engage third party property tax consultants, attorneys, or fee appraisers, ensuring alignment with Broofield's interests and providing oversight throughout the appeal process.

A deep understanding and the proficient application of the multiple income, cost, and sales comparison models by property type and jurisdiction is required. The position involves employing property models, preparing property tax appeal appraisals, and filing all supporting and required appeal documents. Further, proper selection, preparation, and support of the applicable income model, along with the development, employment, and support of capitalization rates are necessary.Compliance oversight directly impacts final appeal results. As such, the VP oversees the collection of accounting records, income and expense reports and filings, as well as all tax-related documents generated internally and externally. The VP also oversees the analysis and correction of the records and documents and ensures the completion of all compliance requirements for filing personal property tax returns, income and expense reports, and the review of notices of value. Additionally, the position is directly responsible for building property tax budgets, revising forecasts, and approving accruals related to forecasting adjustments.

Oversee all property tax valuations and appeals. Ensure appropriate application of all property tax laws companywide to effectively minimize liabilities, risks, and exposures. Stay informed on changes in property tax rules, regulations, laws, and procedures on a state by state/jurisdiction by jurisdiction basis. (45%)

Assemble and analyze annual assessments, income and expense data, cost models, and sales analysis for the assets as assigned by the SVP to identify opportunities where property tax appeals can be filed to reduce the tax liability of Brookfield.

Ensure the preparation and filing of property tax appeals within the statutory time frame, to prevent missed appeal opportunities.

Participate and advocate on behalf of Brookfield in all property tax hearings across various jurisdictions and the related representatives, including assessors, board of assessment appeals, board of equalization and district courts (or tax court as applicable by jurisdiction), in pursuit of property tax appeals.

Develop and present all property tax budgets and forecasts on assets as assigned. (35%)

Collaborate directly with associates within the Property Tax Department, as well as those in Accounting, FP&A, Asset Management, Fund Management, Senior Managment, Development and Acquisitions. (20%)

Requirements:

This position requires an undergraduate degree in Accounting, Finance, or related field.

7-10 years managerial experience required

10-15 years of experience required in property tax appeals, including direct representation before multiple jurisdictions in multiple states, for multiple property classes

10-15 years of experience in Property Tax and Departmental Processes

10-15 years of training and Experience in Real Property Valuation

Technical Background in ad valorem taxation of real and/or personal property tax and property tax accounting

10-15 years of experience in appraisal/valuation or real property

Experience in preparing appeal

10-15 years of experience with understanding of Federal, State, and Local Taxes and the impact of each on property tax

Preferred certifications for this position include: IAAO, AI, IPT

Great Incentives!

Brookfield Properties cares about the well-being and work-life balance of our valued associates! To show how much we care, we offer awesome incentives that include:

Full benefits package

Generous paid time off

401(k) with company match

Growth and advancement opportunities

Lucrative referral bonus program

Incredible associate rental discount if you choose to live on-site! Who wouldn’t want to live at one of our beautiful properties (especially at a discounted rate)?!

Equal Opportunity Employer:

Minorities/Religion/Sex/Protected

Veterans/Disability/Sexual

Orientation/Gender Identity/Marital

Status/Pregnancy/Age/National

Origin/Genetic Information.

Drug free workplace

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We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.

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