Case Study Timeline: 2010s
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Significant Tax Savings for a Premier Office Building in the Inland Empire
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All that you need to know:
Results Overview Protax LLC successfully appealed the assessment of one of the most prestigious office buildings ever constructed in the Inland Empire. Initially assessed at over $43 million, the property struggled in a challenging rental market, remaining largely unoccupied for several years as the owner held out for top-tier rents. Challenge Excessive vacancies from 2013…
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Eminent Domain Impacts Supermarket
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All that you need to know:
Results Overview A Food4Less supermarket in Corona faced a significant decline in business due to the city’s exercise of eminent domain. The city’s plan to elevate the property’s street frontage reduced both its access and visibility along the busiest commercial corridor in the area, adversely impacting the property’s market value even before the new improvements…
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World-Class Spa Lands Major Relief
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All that you need to know:
Results Overview Protax LLC successfully represented a prestigious spa and resort located in San Diego County. The initial engagement with this client began in 2002 and lasted through 2004. A second engagement commenced in 2019 and continued through 2022, following a substantial increase in the property’s assessment after significant investments were made to elevate the…
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Base Year Reversal Leads to Massive Homeowner Refund
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All that you need to know:
Results Overview Since 2011, Protax LLC has been assisting a client with securing temporary Proposition 8 reductions across five properties. Recently, the client faced a significant challenge when one of these properties was incorrectly reassessed, leading to a substantial increase in tax liability. The client sought a permanent reversal of this erroneous assessment. Challenge Following…
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Tax Reduction: Section 515 Low-Income Housing Project
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All that you need to know:
Results Overview Since 1995, Protax LLC, a leading property tax consulting firm, has been a dedicated advocate for Section 515 low-income apartment complexes across California. By the year 2000, Protax LLC had secured its position as the primary representative for the majority of these properties, managing over 330 complexes statewide. Through its advocacy efforts, Protax…
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Significant Tax Reduction for a New Luxury Hotel in Southern California
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All that you need to know:
Results Overview In 2013, a developer of luxury hotels constructed a stunning new property in Southern California. Confident in their understanding of the market value, they initially appealed the assessment independently. However, the Orange County Assessment Appeals Board upheld the taxable value at over $41 million, resulting in an unexpected and significant long-term financial liability.…