Paramount Landing

Property tax appeal is a complex industry, surrounded by attorneys and accountants who specialize in making sure property owners are fairly assessed.

Property taxes are a necessary part of real estate ownership, but it’s important to ensure that you’re only paying your fair share—and no more.

Many property owners are over-assessed and don’t realize that they have the right to appeal. With the right expertise and advocacy, significant savings can be achieved.

Superior Customer Service – Our dedicated teams ensure transparent communication and provide regular updates throughout the process.

Advanced Data & Tools – We utilize platforms like Salesforce, Costar, Trepp, and a proprietary SQL database to provide a thorough, data-backed appeal process.

Contingency-Based Model – You only pay when we successfully reduce your taxes.

Thorough Case Reviews – Each case undergoes multiple layers of review to ensure it’s rock solid before submission.

In-Depth Market Analysis – Our team goes beyond standard Prop 8 reviews, diving deep into your property’s history and market trends.

$70M REDUCTION IN VALUE FOR LA DOWNTOWN MEDICAL CENTER

Property Type: Medical Center

Outcome: $70 million reduction

Story:

Our client owned a medical center in Downtown LA with an assessed value of $114 million. Following a court-ordered bankruptcy sale for $36 million, the assessor set a valuation that would have added $850,000 in taxes annually. Paramount thoroughly analyzed the transaction, highlighting the true market value and verified depreciation, and presented a compelling case for reduction. The Board accepted our valuation, reducing the assessed value to $44.5 million—a $70 million reduction, delivering significant annual tax savings to our client.

$22.7 MILLION REDUCTION FOR MULTIFAMILY PROPERTY

Property Type: Multifamily Property

Outcome: $496,000 reduction in taxes

Story:

Our client’s multi-family property was originally assessed at $133M, but we identified that the improvement values exceeded market value due to high rent estimates and a low land residual. At Paramount, we conducted an in-depth analysis using actual improvement costs and a market extraction approach, proving that the Assessor’s estimate was inaccurate. The Board ultimately agreed with our valuation, reducing the assessed value to $110M, resulting in a $22.7M reduction and substantial tax savings for our client.

$186,000 SAVINGS FOR THIS INDUSTRIAL PROPERTY

Property Type: Industrial

Outcome: $186,000 Refund

Story:

Our client’s 87,000 sq ft. industrial property was initially assessed at $13 million, though we estimated its taxable value to be $5.2 million, potentially saving hundreds of thousands. After negotiating with the county, they offered $8 million but threatened to argue for $9 million at the Board of Appeals. Standing firm, we presented our case to the Board, ultimately securing a reduction to $5.5 million and achieving $93,000 in savings. Additionally, our efforts on their 2012 and 2013 appeals resulted in an extra $186,000 in savings.

Submit your information – Fill out the form to the right for a free consultation.

We review your property – Our experts conduct a comprehensive property and market analysis.

We handle everything – From paperwork to hearings, we represent you at every step.

Receive your refund – If successful, you’ll get a refund and lower taxes going forward.

Wes Nichols and Joe Fiandaca have been amazingly helpful. It was totally painless for us. They took care of everything, and went to the tax appeal hearing on our behalf, and were able to reduce our property tax by over 20%. This is not the first time we have used them. They are very professional. Everything was headache free for us. And they are very responsive. Highly recommend as you have nothing to lose.

Chris J.L.

Great service. Very knowledgeable team. Paramount has saved our business a lot on taxes throughout the years.

Darren M.

Paramount Property Tax has been a huge asset for us over the last decade. They're absolute experts in the field and I honestly doubt anyone can do it better. PPT has exceeded my expectations in obtaining property tax reductions for many property types including industrial, office, retail and Mills Act.

It's difficult to find competence these days but with PPT you'll find mastery.

Gene Y.

An amazing & clear presentation to the Los Angeles County Tax Board!

Wes was a pleasure to work with from day 1!
He explained every step of the process...found great comps for over valuation-clearly presented challenges that reduced the value of this property.

He was outstanding in rebuttal of the Tax Assessor Appraisal report.

The results were great...all I sought was just taxes-and that he persuaded the Assessors Board to accept.

it's still over valued for taxes-but at least I can sustain the expenses.

Highly recommended!

Lee Harris S.

No. Under Prop 13, your value can only be increased by a maximum of 2% per year.

Despite rising property values, we can still win property tax appeals by focusing on accurate valuations and market dynamics that impact assessments. With higher interest rates, cap rates have also increased, affecting the valuation of income-producing properties. When cap rates rise, the market value of a property can decrease even if values appear to be climbing. Additionally, we examine factors like rent fluctuations, vacancy rates, and market conditions to ensure the assessed value truly reflects the property’s current economic reality. By leveraging these insights, we can secure fair assessments and substantial tax savings for our clients.

After a 5-minute call about your property, all you have to do is sign a couple of forms. We handle everything else.

If we do not win your appeal case, you owe us nothing. We are confident in our ability to win.

Once your appeal is successful, the County Assessor will issue a refund for overpaid taxes for the current tax year. For Prop 8 (Decline in Value) appeals, the tax savings apply only to that year. However, with a successful base year appeal, your property’s assessed value is permanently lowered, resulting in ongoing tax savings for future years. This means you’ll continue to benefit from reduced property taxes over the long term.

How Paramount Property Tax Appeal Can Save You Money – No Reduction, No Fee."

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Companies Who Trust Us

Why the Property Tax Appeal Industry Matters

What Sets Us Apart

Real Clients, Real Savings

$70M REDUCTION IN VALUE FOR LA DOWNTOWN MEDICAL CENTER

$22.7 MILLION REDUCTION FOR MULTIFAMILY PROPERTY

$186,000 SAVINGS FOR THIS INDUSTRIAL PROPERTY

How It Works

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Testimonials

Chris J.L.

Darren M.

Gene Y.

Lee Harris S.

Frequently Asked Questions

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