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  • Just Answers - Property Tax Grievances - Should You File for a Reduction?

    In the 9 years that I grieved taxes professionally, I was asked many of the same questions over and over again. I wou
    According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
    ld like to take a few minutes to go over some of this information in order to dispel some myths about lowering proper
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    y taxes.

    The most common questions were as follows:

    Does filing a property tax grievance invite a higher assessment
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    from the assessor?

    What are my chances of winning?

    Do I need a lawyer to file for me?

    Is it expensive?

    These ques
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    ions keep many homeowners with legitimate cases from ever filing. The answer to the first question is that the law an
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    many court cases support the right of a homeowner to challenge his property taxes. Actually, when you file a case, y
    ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
    u are not grieving the taxes, but rather the assessed valuation that the tax assessor has assigned to your property.
    easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
    The assessor cannot raise your assessment to "teach you a lesson". It is your legal right to pay only your fair share
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    of taxes. The law provides this method for homeowners to challenge unfair assessments without any fear from the asses
    and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
    or’s office. Remember, tax assessors are only doing their jobs to properly assess properties in order to raise taxes
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    or schools, police fire and other municipal services. They are not the bad guys. All of the tax assessors I have deal
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    with have been fair and honest. They have a difficult job to do, and do it with remarkable efficiency.

    The odds of
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    inning are excellent if you have done your homework to prove your case. The paperwork is not very difficult. It shoul
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    take less than an hour to prepare the papers for filing. The important thing to remember is that there is a specific
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    day each year beyond which you cannot file your case. Be sure to find out what this day is. If you miss it by even o
    t?

    As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
    e day, you are out of luck until the following year.

    Most states do not require a lawyer to file your case. Usually
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    lawyer is only required for certain commercial cases that go to court. Residential property does not require a lawye
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    to file a case on your behalf(most states).

    In most cases, the costs are minimal to file a tax grievance, if anythi
    .

    As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
    g. Some states only require a fee if your case goes before a judge. Most cases are heard before a review board, which
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    is free.

    In a later article, I will address evidence that you need to file and some money saving tips for homeowners


    tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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