Vacant Land

Vacant Residential Land – San Bernardino

Vacant Residential Land – San Bernardino

On Monday we had 3 separate cases of vacant residential development land in San Bernardino County, high desert area. We were successful in each one of the appeals saving our client over $14,000 for the 2009 tax year. This of course after the County denying any reduction was warranted! Project 1 was reduced from $925,000 to $715,000 Project 2 was reduced from $1,575,000 to $1,050,000 Project 3 was...

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Riverside County Residential Land

Riverside County Residential Land

Yesterday we had a hearing on a piece of vacant residential development land in Riverside County - Menifee area. The property owner had been trying for over two years to get his property reduced but had no success. He used us as his property tax agent for a 2010 case, but was holding fast to his 2008 and 2009 cases as he felt he would be able to handle it.

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San Bernardino County Vacant Commercial

San Bernardino County Vacant Commercial

We had two pieces of vacant commercial land in San Bernardino County that were coming up for appeal. The first was a piece just off the I-10 freeway in San Bernardino. The property enjoys great freeway frontage and accessibility. However, we are all aware that this benefit is only a benefit if someone will buy it or build on it and neither is happening these days, let alone in 2009, the valuation date of this appeal. This 10 Acre parcel was...

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Riverside County Vacant Land – Temecula

Riverside 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.

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Riverside County Vacant Commercial Land

Riverside 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...

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