See how Paramount Property Tax Appeal helped earn a large electronics manufacturer in San Diego a well-deserved refund of $60,000 in taxes over two years.
See how Paramount Property Tax Appeal helped earn a large electronics manufacturer in San Diego a well-deserved refund of $60,000 in taxes over two years.
A large electronics manufacturer needed help navigating all the compliance paperwork associated with the annual completion of their form 571-L. Paramount Property Tax Appeal took the reigns, including reviewing their fixed asset records, their asset classifications on previous 571-L’s, and cross-checking for discrepancies or opportunities for savings.
Paramount Property Tax Appeal stepped in an took on the burden of handling all the compliance paperwork for the client. Throughout the process of reviewing all the required documents, we discovered that a total of 6.5 million dollars worth of equipment had been disposed of, but never correctly removed from their property tax records. As such, the client was poised to save thousands of dollars immediately by correcting this discrepancy.
Paramount Property Tax Appeal immediately earned the client a $15,000 tax refund as a result of our research and due diligence with the client's compliance paperwork. Not only that, in the subsequent year, our diligence led to an additional $45,000 in savings for our client, earning them a total of $60,000 overall in property tax savings in just two years.