March, 2011

Orange County Industrial Property Reduction

Orange County Industrial Property Reduction

This is an industrial building in the Placentia area of Orange County. Our client came to us after already having filed their application for changed assessment (appeal or 'formal appeal'). They requested a value on that application that unfortunately was higher than the actual market value, in our opinion. They were not successful in working with the County on this appeal and the hearing date was approaching so...

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Riverside County Vacant Commercial Land

Riverside County Vacant Commercial Land

First up - a piece of commercial development land in the Menifee area of Riverside County. The parcel is a little over an acre and we had a base year appeal filed. A base year appeal (appeal being the application for changed assessment) is when we challenge the initial assessed value attributed by the Assessor's office. In this case, the property was purchased for less than the assessment of $1,075,000. While the parcel had great...

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San Diego County SFR Reduction

San Diego County SFR Reduction

Last one for the week – this 1,500sf home in San Diego County was assessed at $600,000 for 2009. Through our San Diego County application for changed assessment we were able to see the value reduced to $560,000 after arguing our case to the County appraiser.

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Solano County House Reduction

Solano County House Reduction

Here’s another home, this time in Solano County. The property was assessed in 2009 at $404,000. It is a medium sized home purchased initially for $435,000 in 2008. Through our Solano County application for changed assessment we were able to get the assessment reduced to $350,000 saving the homeowner about $500.

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Riverside County Commercial Land

Riverside County Commercial Land

In working out a 2009 appeal, we found that the data simply didn’t support a reduction for that year. In discussing the property with the appraiser at Riverside County however, we were able to secure a reduction from over $1,187,000 to $840,000 for the 2010 tax year, resulting in a refund to our client of over $3,000.

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