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.

 

Alameda_County
$186,000

In savings for the client

$7.5M

Reduction in taxable value

100%

Board of Appeals Approval

real-property-icon-1
Industry
Industrials
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
  • 100+ years of combined experience
  • No upfront cost
  • More than half a billion dollars in client reductions
  • Performance-based fee structure
  • 10,000+ successful tax reduction cases
  • Competency with all property types
  • Clients range from investors to Fortune 500 companies
  • Services provided for all 50 states

DETERMINE IF YOU HAVE A CASE FOR PROPERTY TAX REDUCTION