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Los Angeles County Restaurant Reduction

Yesterday we attended a hearing before the board of appeals on a fast food restaurant (major chain) in Los Angeles County. By showing that the reduced rent paid by the tenant towards the end of the lease, and that this particular chain was inferior to other top brands, we were able to secure a reduction in the property tax assessment from $1,556,900 to $850,000. That’s a single year’s property tax savings of over $7,700 and a reduction of almost 50%!