Sacramento County Property Tax Reduction

Posted on May 8, 2012 in County, Follow Our Work, Retail, Sacramento County Property Taxes

Sacramento County Property Tax Reduction

We were appealing the assessed value of a 2.3 acre commercial site with an older, 3 tenant retail building that fronts the main street and a older single family residence behind it in Sacramento County. The back of the lot, which is unimproved, is considered excess land. The 2010 enrolled value was $1,795,000 and the 2011 enrolled value was higher at $1,808,000. It looks like this value would have carried forward to the 2012 tax year if we had not successfully appealed. After comparing sales and income approaches as well as discussing the various methods of estimating the separate value of the excess land our agent and the assessor agreed that a more reasonable value for 2010 was $1,055,000. We also agreed that this value could be applied to the 2011 tax year. The assessor agreed to carry this value for the upcoming 2012 tax year as well. The combined market value reductions calculate to about $2,245,932 which will save our client almost $25,000 in property taxes over three years.


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