Customer Success Story
$186,000 SAVINGS FOR THIS INDUSTRIAL PROPERTY
See how Paramount Property Tax Appeal helped an Alameda County company reduce the taxable value of their company by $7.5 million, earning them $186,000 in taxable savings.
Property Type
Industrial Building
Problem
Tax liability and increased taxes
Results
Obtained a total savings of $186,000
The Problem
The assessor was taxing our client’s 87,000 sq ft. industrial property at $13 million. We believed the taxable value was much less, at $5.2 million which could result in hundreds of thousands of dollars saved.
Our Solution
We negotiated with the county to lower the value to 5.2 million, however they wouldn’t budge past 8 million. The Assessor recommended we accept this offer, otherwise they may go to the Board of Appeals and argue a value of $9 million. We called their bluff and took a stand, proceeding to the Board ourselves and presenting our case.
The Results
We were able to secure a reduced value to $5.5 million resulting is a savings of $93,000 for our client. We assumed responsibility for their 2012, 2013 property tax appeal, which resulted $186,000 in saving for this client.
Why Choose PPTA
- Staffed by CPAs, certified appraisers, and former county assessors
- Professional hearing representation at every stage of the appeal
- 45,000+ appeals filed
- 85% success rate
- No upfront cost
- $100M+ in refunds secured for clients
- 24% average assessment reduction
- $50B+ in assessed value under management
- Fee structure based on a percentage of the tax savings or refund you receive
- Experience across all commercial and multifamily property types
- Clients range from private investors to institutional owners, including Fairfield, Sunroad Enterprises, Brookfield, Mill Creek Residential, and Jade Enterprises
- Services provided across California, Colorado, Texas, Nevada, Arizona, and Washington