$60,000 REFUND CLAIMED FOR THIS LARGE ELECTRONICS MANUFACTURING COMPANY

The Problem

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.

Our Solution

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. 

The Results

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.

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