Customer Success Story

OVER $42,000 SAVED ANNUALLY FOR THESE INHERITED APARTMENT OWNERS

See how Paramount Property Tax Appeal helped clients save $42,000 per year on inherited apartments.

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$42,000

In savings for the client per year

82%

Of properties lowered in valuation

100%

County Assessor Approval

real-property-icon
Industry
Real Estate
Problem
Tax liability and increased taxes
Results
Obtained a savings of $42,000 per year

The Problem

Often when a property is inherited, the transfer can create a re-assessable event. Typically, this causes the inherited property to be re-valued at present-day market prices, which can cause a serious spike in property taxes. Our clients inherited 39 apartment buildings throughout Los Angeles and San Diego County. The Assessor re-assessed the properties at present-day prices and completely overlooked the actual financials and earnings of the apartment buildings.

 

Our Solution

Our team gathered all the financial information that the Assessor overlooked, and conducted our own thorough valuation of the properties before submitting to the county assessors. In turn, we were able to realize that the assessed price should be much lower than the Assessor recently suggested.

 

The Results

Once we presented our valuation, the Assessor agreed to lower the value on 34 of the apartment buildings, saving our clients over $42,000 in property taxes per year.

 

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