MFR

Los Angeles County Property Tax Reductions

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!......

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Alameda County Quad Reduction

Alameda County Quad Reduction

Our client’s property is a 4 unit multi-family property in the Oakland area of Alameda County. We were able to achieve a reduction in assessed value of over 50%. This property was assessed at over $603,000 for 2010. CAPTA filed an appeal and the assessor initially set a new value of $530,000 in response. We pursued this case by filing an application for changed assessment and after...

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Fresno County Apartment Reduction

Fresno County Apartment Reduction

Fresno County - 20 % reduction on a 90 unit apartment complex in northeast Fresno with a 2010 enrolled value of $4,527,000. The County Assessor offered to reduce the enrolled value to $4,277,000 based on our filed application for changed assessment, but CAPTA provided additional information suggesting a lower value based on market conditions and increasing difficulties in obtaining financing at favorable rates...

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Los 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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Los Angeles and San Francisco

Today we had a couple cases in Los Angeles as well as a case in San Francisco. Our agent in our Cloverdale office attended the San Francisco appeal on a duplex and felt confident in his presentation and ability to put into question the Assessor's case. We must await word on the outcome of this appeal and will update you as soon as we know! In Los Angeles, we presented cases on a Day Care and a Car Wash...

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