industrial property taxes

Orange County Industrial Reduction

Orange County Industrial Reduction

This property is a large industrial building on a few acres of land. At first glance, the property appeared to be well below value. In 2009, the assessment was at $10,400,000 and we were able to prove a reduction to $8,800,000. In 2010, it was solidly performing and any other property tax agent would have done a search for some comparable sales and realizing it was already reduced 20% would probably...

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Los Angeles County Industrial

Los Angeles County Industrial

Today we had four hearings in Los Angeles County as a result of our filed application for changed assessment. The first was on a large industrial property in the City of Industry which for 2010 was assessed originally at $11,800,000. We were successful in reducing this to $10,970,000 through our Request for Review but we were not satisfied with this value. As such, we filed the application for...

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Orange County Industrial Property Reduction

Orange County Industrial Property Reduction

This is an industrial building in the Placentia area of Orange County. Our client came to us after already having filed their application for changed assessment (appeal or 'formal appeal'). They requested a value on that application that unfortunately was higher than the actual market value, in our opinion. They were not successful in working with the County on this appeal and the hearing date was approaching so...

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Riverside County Vacant Industrial

Riverside County Vacant Industrial

Today we worked out a property tax reduction on a piece of vacant industrial land in the Banning area of Riverside County. The property was assessed at $1,173,000 and we got this 9.5 acre industrial development land parcel reduced to $955,000.

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San Diego County Industrial

San Diego County Industrial

Another reduction today! This property is an industrial property - warehouse to be specific in San Diego County. We were able to secure reductions for 2009 and 2010 from over $1,931,000 to $1,750,000.

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