$280,000 in tax refund for a newly constructed luxury villa

The Problem

A client had just constructed a pristine luxury villa in La Quinta, California and the property was assessed at a hefty $55 Million. After devoting lots of money and time into building a dream estate, the last thing an owner wants is to be over charged in property taxes.

Our Solution

Here at Paramount, we take pride in finding reductions on unique cases to ensure fairness to the taxpayer. After working with the Assessor's office, we found out their valuation was based on redacted confidential data. Managing Director Wes Nichols was able to find better comparable properties, which gave a much more accurate value.

The Results

After a long, drawn out finding of facts, the Board sided with Paramount and reduced the assessed value to $32 Million on the new construction. This $23 Million reduction saved our client about $275,000, and they keep the reduced value for the entirety of their estate ownership.

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