San Bernardino County Hotel Reduction
Today we achieved a decline in value property tax reduction on a hotel in Ontario, San Bernardino County. The assessment for the fiscal year was $3,304,182. After working with some comparable sales and analysis of the income, we were able to reduce the property tax assessed value to $2,750,000, or $50,000 per room. This is a savings to our client of around $5,500 for a single year!