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!......
Read MoreOver $200,000 in Property Tax Savings!
One more great success in Sacramento County. This is another apartment complex, this time just over 140 units. The complex has a great location, and itself is in very good shape with larger units and great amenities. We had secured a great reduction in 2008 that unfortunately the County did not carry forward to 2009. In 2009 the complex was assessed at over $25,000,000 or $173,000/unit. Today we...
Read More8 Unit Apartment in Palm Desert
Back in July, we represented a 8 unit apartment building in the Palm Desert region of Riverside County. The property was initially purchased in 2006 for over $1,200,000. Through the application for changed assessment we had filed in 2009, we were able to secure a reduction on this property. When we were contacted to represent this parcel, the owner was already able to work out a reduction to $852,000, which is great! However,
Read MoreFresno Apartment Tax Reduction
Today, we were able to achieve a reduction on a 28 unit mutli-family residential building in Fresno. This apartment building has suffered tremendously in the current economy and was worth less on paper than the market was dictating. In other words, if it were to list for sale on the open market, sales would indicate that it would sell for...
Read MoreLos Angeles County Reductions
We attended a hearing on Jan 4th for a 24 unit apartment in Los Angeles valued at $2.5 million. The assessor's office prepared a case for $3.125 million while our case was closer to $2 million. We argued comps and income but the assessor wouldn't look at...
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