Customer Success Story

$90,000 IN SAVINGS AFTER A LONG, HARD-WON BATTLE

See how Paramount Property Tax Appeal helped a client save $90,000 and cut assessed value in half

oceanside_california
$90,000

In savings for the client

$2.7M

Reduction in assessed value

100%

County Assessor Approval

real-property-icon
Industry
Real Estate
Problem
Tax liability and increased taxes
Results
Obtained a savings of $90,000

The Problem

Our client engaged us to appeal the assessed value of a Tow Yard and Mobile Home Park in the city of Oceanside. The County Assessor assessed the value at $45 a foot for a total value of $4,835,000. However, the Assessor missed one critical detail: The Revenue Taxation code that includes a government restriction and rent control for the Mobile Home Park. Our team quickly identified this issue, noting that if appealed, could save our client tens of thousands of dollars.

 

Our Solution

We presented the case to the San Diego County assessment appeals board, emphasizing the Revenue Taxation code. We also hired a Mobile Home Park Specialist as an expert witness and conducted multiple weeks of research, anticipating the Assessors Office defense. When it came to fruition, the Assessor could not argue with our buttoned-up case for lower property taxes.

 

The Results

After careful deliberation, the Board ruled on a value much lower than the original assessed value, thanks to research, preparation and our willingness to help our client. The Board reduced the assessed value from $4,835,000 to $2,134,400, resulting in a total savings for our client of $90,000.

 

Why Choose PPTA

  • Staffed by CPAs, certified appraisers and former county assessors
  • Professional hearing representation
  • 100+ years of combined experience
  • No upfront cost
  • More than half a billion dollars in client reductions
  • Performance-based fee structure
  • 10,000+ successful tax reduction cases
  • Competency with all property types
  • Clients range from investors to Fortune 500 companies
  • Services provided for all 50 states

DETERMINE IF YOU HAVE A CASE FOR PROPERTY TAX REDUCTION