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.
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.
In savings for the client
Reduction in taxable value
Board of Appeals Approval
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.
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.
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.
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