Commercial Case Studies
* Our Fresno County client owns a 25,000 square foot, Class A office building that was assessed over $5MM. We discussed our experience with Fresno County to our client and described our confidence that utilizing our service could potentially achieve greater reductions in value than if our client processed the appeal independently.
We don’t have magic tricks or secret loop holes that the average property owner doesn’t have, per se, but what we do have is: (i) knowledge of each and every market in California for almost all property types; (ii) knowledge and an understanding of California Property Tax Codes that could impact your property’s valuation; (iii) a network of brokers, investors and other data sources to get the details of each sale/lease transaction; (iv) our own database of property sale/lease information.
You could prepare your own income tax return or represent yourself in court but to have the greatest success and be represented as best you can, you should hire a professional in the field. A tax accountant knows recent IRS laws that might save you tens of thousands of dollars on your income tax return, well worth the fee to prepare the return. We are similar in nature as the property tax rules change constantly and the market gets new data daily. Our client was onboard and we saved him $11,000 this year, after only 3 months from engaging our service.
We don’t have magic tricks or secret loop holes that the average property owner doesn’t have, per se, but what we do have is: (i) knowledge of each and every market in California for almost all property types; (ii) knowledge and an understanding of California Property Tax Codes that could impact your property’s valuation; (iii) a network of brokers, investors and other data sources to get the details of each sale/lease transaction; (iv) our own database of property sale/lease information.
You could prepare your own income tax return or represent yourself in court but to have the greatest success and be represented as best you can, you should hire a professional in the field. A tax accountant knows recent IRS laws that might save you tens of thousands of dollars on your income tax return, well worth the fee to prepare the return. We are similar in nature as the property tax rules change constantly and the market gets new data daily. Our client was onboard and we saved him $11,000 this year, after only 3 months from engaging our service.
* Using market comps and a detailed financial analysis, our Beverly Hills client's medical office building in Ontario (San Bernardino County) received property tax savings of roughly 50% for 2011/2012 and also 2012/2013. Click here to see the notices from the County. Our client saved roughly $65,000 in two years with our service.
* Two of our Santa Barbara commercial clients received these notices of decreased 2012/2013 values from the County. Note: the reductions we achieved were 45% and 60% reductions!These clients will receive reduced property tax bills for the 1st installment rather than waiting years for a refund.
* Our Napa County clients owned and occupied a building near the Napa Airport. The building was purchased in 2007 for approximately $2.3M and we reduced their 2010 Assessed Value to $1.5MM. This reflects a 35% reduction and an annual savings of $8,500. Pacific Union Property Advisors LLC was able to prepare a complete appeal package that tied together leasing and sales information in the market to provide a preponderance of evidence to support the proposed value to the County.
* Our national drive thru restaurant chain saved nearly $4,000 this year on one of its Sacramento locations. We are working on over 100 of their California locations this year. Click here to see the notice sent from the County.
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Our Alameda County Office client saves over $80,000 this year on one property. Click here to see the details from the County's website showing the reduced property tax payment amount.
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Our Contra Costa County auto dealership client saves over $40,000 this year for and reduces the property tax payment by over 40%! Click here to see the notice our client received from the County.
* An Alameda County auto dealership engaged our service because they were paying the property tax bill for property they leased. The annual tax bill was over $250,000; we felt confident that the market value for the property had reduced significantly from the current assessed value. Under California’s Prop 8, the County Assessor can temporarily reduce the Assessed Value for a property based on the fair market value. We were able to prepare an argument to the County that supported a reduction of over 25% of the Assessed Value. Our client saved just about $66,000 annually and they saw the savings immediately with a new, lowered tax bill for their December 10th payment date. Click here to see the reduced payment amount from the County.
