April, 2011

Big Tax Savings on Hotels in Sacramento

Big Tax Savings on Hotels in Sacramento

Our Cloverdale office has been working on two hotel properties in the Sacramento area and has achieved some substantial tax savings for our clients. The first property is a 40 room hotel which was being assessed at about $2,500,000 for each of the 2009, 2010 and 2011 tax years. We were able to get a reduction for each year to...

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Foreclosure Purchases Reduced

Foreclosure Purchases Reduced

San Bernardino County - one of our clients has been purchasing single family residences at auction. As he purchased the properties, the County would issue supplemental tax bills assessing his properties not at his purchase price, but at a price they determine to be fair market value. It must be noted that when you purchase a property in California, the Assessor is tasked with determining...

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San Diego Shopping Center Reduction

San Diego Shopping Center Reduction

This is a good property tax reduction story. The subject property is a 33,000+ square foot shopping center in La Mesa (San Diego County). The owner came on board with CAPTA back in 2008 and had an assessment of just under $8,900,000. Unfortunately, given the restraints of thousands of appeals filed in the County, San Diego was not ready to discuss this property until early 2010. At that time, given the case we set forth to the County we were able to work out a reduction...

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Office/Residence Conversion

Office/Residence Conversion

Sacramento County - This property is located in the suburbs of northeast Sacramento and consists of a small, older residence which has been converted in an office. The owner purchased it some years ago and the structure had foundation issues which were not properly disclosed. Our Cloverdale office has been working on this 2009 appeal (application for changed assessment) off and on for over a year and was recently notified...

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Los Angeles County Retail Reduction

Los Angeles County Retail Reduction

Today, one of our agents attended a board hearing in Los Angeles County on a small (3,800sf) retail building. The property had 5 spaces and was built in 2006 in the city of Lynwood. We attempted to work this case out with the appraiser in the local Assessor's office but they were unwilling to move from an opinion of 'NO CHANGE.' The assessed value for 2009 was $1,273,000. This is not one...

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