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 MoreRiverside 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.
Read MoreRiverside 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...
Read MoreRiverside 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.
Read MoreLos Angeles Property Tax Hearings
Well, it has been about a month since our last hearing so we apologize for the delay in updates but here we go! With the end of the filing season and influx of so many appeals this year, counties have not been...
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