$190,000 in Savings for Newly Constructed Los Angeles Medical Office Building

The Problem

A Medical Office building in Los Angeles was assessed at $75.7 Million for its New Construction Base Value.

Our Solution

Following extensive research, Paramount and Wes Nichols determined that the County Assessor had incorrectly inflated the Improvement Value, resulting in an unfairly high Property Tax Bill. Paramount presented the strong case for Reduction on behalf of their client before the County Assessor’s office.

The Results

The Appeals board agreed with Paramount's Valuation, which resulted in a $15.8 Million REDUCTION! The client received a refund in the amount of $190,000 and the lower Base Year Value will remain intact for the lifetime of their ownership of the building.

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