Apartment

Property Tax Reduction on Multi-Family Residential Properties

San Diego County Duplex Reduction

San Diego County Duplex Reduction

We were able to work out a stipulation on a duplex in San Diego County, assessed at $1,737,989 for the 2011 year. This reduction in the property tax base was achieved after providing the County with information pertaining to comparable sales and income produced by this property. The value we agreed upon was...

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Los Angeles County Property Tax Reductions

Los Angeles County Property Tax Reductions

We had a big day late last month in Los Angeles County resulting in many reduction for our clients. Below is list of the property tax reductions were able to achieve through our hearing office appointments resulting from our filed applications for changed assessment: Office Building: From $1,448,000 to $1,000,000 - Savings of over $4,500! Retail: From $2,420,000 to $1,700,000 - Refunds to our client of over $7,200!......

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Alameda County Quad Reduction

Alameda County Quad Reduction

Our client’s property is a 4 unit multi-family property in the Oakland area of Alameda County. We were able to achieve a reduction in assessed value of over 50%. This property was assessed at over $603,000 for 2010. CAPTA filed an appeal and the assessor initially set a new value of $530,000 in response. We pursued this case by filing an application for changed assessment and after...

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Los Angeles County Apartments

Los Angeles County Apartments

The subject property at this appeals hearing in Los Angeles County is a 20 unit apartment building in the Glendale area. The property was assessed at $3,100,000 for 2010 and the assessor’s office had a recommendation to lower the property to $3,000,000. We were successful in further reducing the property another $200,000 to $2,800,000 saving the property owner over $3,000 instead of only...

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Fresno County Apartment Reduction

Fresno County Apartment Reduction

Fresno County - 20 % reduction on a 90 unit apartment complex in northeast Fresno with a 2010 enrolled value of $4,527,000. The County Assessor offered to reduce the enrolled value to $4,277,000 based on our filed application for changed assessment, but CAPTA provided additional information suggesting a lower value based on market conditions and increasing difficulties in obtaining financing at favorable rates...

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Over $200,000 in Property Tax Savings!

Over $200,000 in Property Tax Savings!

One more great success in Sacramento County. This is another apartment complex, this time just over 140 units. The complex has a great location, and itself is in very good shape with larger units and great amenities. We had secured a great reduction in 2008 that unfortunately the County did not carry forward to 2009. In 2009 the complex was assessed at over $25,000,000 or $173,000/unit. Today we...

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