FACING STIFF PENALTIES, THIS CLOUD COMPUTING COMPANY IS SAVED $80,000

The Problem

A large cloud computing company in San Diego was under audit by the Assessor’s Office, facing stiff penalties for not filing their 571-L forms in the previous two years. The Assessor reconstructed their records and sent them a fine for almost $200,000. Due to their lack of understanding of the rules and regulations associated with assigning asset lives, the client turned to Paramount Property Tax Appeal for assistance.

Our Solution

Paramount Property Tax Appeal stepped in immediately and provided our expertise to reconstruct their records in compliance with the correct guidelines. We thoroughly analyzed all of their tax documents, assisted them with completing the forms and made sure no stone was left un turned in regards to compliance and form completion.

The Results

As a result of our diligence, the Assessor reevaluated the client's case and reduced the original bill by 40%. in turn, the client saved approximately $80,000 in taxes and penalties by partnering with Paramount Property Tax Appeal.

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