Golf Course Receives Significant Relief For Over a Decade
Total Tax Savings
Overview
In 2010, Protax LLC began representing a prestigious public golf course in northern San Diego County. Although initial tax savings were modest, they increased significantly in 2015 and surged after the COVID-19 pandemic.
Challenge
Golf courses nationwide faced substantial declines in value as interest in the sport waned and an oversupply of new courses flooded the market. This downturn was reflected in fewer rounds played and lower green fees, severely impacting the financial performance of the entire golf industry.
Solution
To address this significant loss of income, Protax LLC implemented a two-pronged approach: submitting annual informal requests to the Assessor, followed by formal appeals. The market evidence provided by Protax included extensive market data and property-specific financial information. This advocacy program also incorporated COVID-19-specific guidelines after the lockdowns, further amplifying the tax savings.
Results
Protax’s efforts led to over 12 years of financial relief for the golf course owner, saving hundreds of thousands of dollars. In one particular tax year, the property received three distinct tax reductions: a lowered initial tax bill, a late correction that further reduced the second-half installment, and a significant refund after the formal appeal was resolved. The total tax savings for the 2018 tax year alone exceeded $100,000.
Conclusion
This case underscores Protax LLC’s understanding of market dynamics and industry conditions, enabling them to secure substantial tax relief for many clients. It demonstrates the importance of having an ongoing strategic plan with a qualified property tax professional, especially before economic downturns arise.