$7,000 IN LIFE-LONG ANNUAL PROPERTY TAX SAVINGS FOR A GAS STATION OWNER

The Problem

BP West Coast Products (Arco) informed this owner-operator that he had 30 days to purchase this property at a “take it or leave it” price of $1,762,000 in December 2011. The San Diego County Assessor’s Office enrolled the full purchase price, and knowing it was too high, that’s when the client contacted our office.

Our Solution

Gas stations have three components of value; land and improvements, which is real property, business personal property which is taxed separate for pumps and tanks, and the going concern value of the business, which by law is not taxed.

Based on this information, we worked with the County to lower the property value, however they would only recommend a reduction to $1.3 million. Knowing that we had a strong case to go lower, we escalated our case to the County Board of Appeals.

The Results

By complex analysis and by gathering compelling data, we were able to secure a reduced value to $1,100,000 million for our client, resulting in a base year life-long savings of $7,000 for our 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