Fresno County Apartment Reduction

Posted on Apr 24, 2011 in Apartment, County, Follow Our Work, Fresno County Property Taxes

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 for this type of property. We were able to negotiate a reduction in value to $3,600,000, almost $700,000 more than originally offered and a total reduction of $927,000.

We were also able to obtain a smaller reduction on a 25 unit apartment complex in this area, also for the 2010 tax year. This property was enrolled at $1,207,000 but through our efforts the assessment was corrected to $1,000,000. The $2,200 savings in taxes should help the property owner make some needed repairs.


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