Author: Jeffrey R. Rich, Esq. and Lisa A. John, Esq. View the article Commercial and residential property owners will receive their property assessment cards prior to February 1, 2012, and they will have until April 1, 2012 to file a tax appeal. During this short time frame, it is of vital importance to review your property assessment to ensure that you are not paying more than your fair share of property taxes. Last year Genova Burns filed a tax appeal on behalf of a commercial real estate client, for whom we secured a $3 million dollar property assessment reduction that resulted in a yearly tax savings of approximately $99,000 for the property owner.