Commercial Development Land

Property Tax Reduction on Vacant Commercial Land

San Bernardino County Vacant Commercial

San Bernardino County Vacant Commercial

We had two pieces of vacant commercial land in San Bernardino County that were coming up for appeal. The first was a piece just off the I-10 freeway in San Bernardino. The property enjoys great freeway frontage and accessibility. However, we are all aware that this benefit is only a benefit if someone will buy it or build on it and neither is happening these days, let alone in 2009, the valuation date of this appeal. This 10 Acre parcel was...

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Riverside County Vacant Land – Temecula

Riverside County Vacant Land – Temecula

Today we were successful in reducing the value of some more commercial development land in Riverside County. This property is located in Temecula and has freeway frontage. It is already approved for a new hotel, with another smaller pad designated for retail. Obviously, the time to build a hotel is not now so it remains vacant, thus producing NO income.

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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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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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Riverside County Vacant Land

Riverside County Vacant Land

The subject property is 80 acres of raw land zoned for residential and light industrial. This land has drainage issues and a large wash on one end of the property, so a good portion of it is not usable, and there would be extra...

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Fresno County Industrial Land

Fresno County Industrial Land

This morning we were able to work out a property tax reduction on almost 14 acres of vacant industrial land in Fresno County. There was very little in the way of comparable sales in...

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