LA County Property Tax Reduction

Posted on May 1, 2012 in County, Follow Our Work, Los Angeles County Property Taxes, Retail

LA County Property Tax Reduction

Yesterday we attended a hearing before the board of appeals on a fast food restaurant (major chain) in Los Angeles County. By showing that the reduced rent paid by the tenant towards the end of the lease, and that this particular chain was inferior to other top brands, we were able to secure a reduction in the property tax assessment for the 2010 fiscal year from $1,556,900 to $850,000. That’s a single year’s property tax savings of over $7,700 and a reduction of almost 50%!


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