Industrial

Property Tax Reduction on Industrial Properties

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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Orange County Industrial Reduction

Orange County Industrial Reduction

This property is a large industrial building on a few acres of land. At first glance, the property appeared to be well below value. In 2009, the assessment was at $10,400,000 and we were able to prove a reduction to $8,800,000. In 2010, it was solidly performing and any other property tax agent would have done a search for some comparable sales and realizing it was already reduced 20% would probably...

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Orange County Industrial Reduction

Orange County Industrial Reduction

The subject property is a warehouse in the Placentia area. We were able to secure a reduction in the 2009 year from $1,980,000 to $1,565,000. Now, through our application for changed assessment we were able to prove an additional reduction to $1,200,000.....

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Los Angeles County Industrial

Los Angeles County Industrial

This property is over 200,000sf of warehouse space in the City of Industry in Los Angeles County. It was assessed at $13,800,000 for 2010. We filed an application for changed assessment in Los Angeles County and through our hearing today were able to reduce it to $12,400,000 in spite of the Assessor’s recommendation of “no change.”

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Los Angeles County Industrial

Los Angeles County Industrial

Today we had four hearings in Los Angeles County as a result of our filed application for changed assessment. The first was on a large industrial property in the City of Industry which for 2010 was assessed originally at $11,800,000. We were successful in reducing this to $10,970,000 through our Request for Review but we were not satisfied with this value. As such, we filed the application for...

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San Bernardino Warehouse Reduction

San Bernardino Warehouse Reduction

Today we were able to work out a reduction in the assessed value on a newer industrial warehouse property in the Chino area of San Bernardino County. The property was purchased new by our client in 2006. The assessment had not been lowered prior to CAPTA's involvement. We were actually brought on to this appeal by our client in May...

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