Customer Success Story

$7,000 IN LIFE-LONG ANNUAL PROPERTY TAX SAVINGS FOR A GAS STATION OWNER

See how Paramount Property Tax Appeal helped a San Diego gas station save $7,000 a year, forever.

 

arco_gas_station
$662,000

Reduction in taxes for client

$7,000

Saved in taxes per year

100%

County Assessor Approval

estate-evaluation
Industry
Gas & Oil
Problem
Tax liability and increased taxes
Results
A $662,000 reduction in taxes

The Problem

BP West Coast Products (Arco) informed this owner-operator that he had 30 days to purchase this property at a “take it or leave it” price of $1,762,000 in December 2011. The San Diego County Assessor’s Office enrolled the full purchase price, and knowing it was too high, that’s when the client contacted our office.

 

Our Solution

Gas stations have three components of value; land and improvements, which is real property, business personal property which is taxed separate for pumps and tanks, and the going concern value of the business, which by law is not taxed.

Based on this information, we worked with the County to lower the property value, however they would only recommend a reduction to $1.3 million. Knowing that we had a strong case to go lower, we escalated our case to the County Board of Appeals.

 

The Results

By complex analysis and by gathering compelling data, we were able to secure a reduced value to $1,100,000 million for our client, resulting in a base year life-long savings of $7,000 for our client.

 

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