Often times when a family member dies and a property is held in an LLC or corporation, the transfer can create a re-assessable event in which the property is to be valued at the present-day market value. Our clients inherited 39 apartment buildings throughout Los Angeles and San Diego County. The Assessor used a standard market value approach but did not use the actual financials of the apartment buildings. Our team gathered all the financial information from the owner and did our own valuations before submitting them to the county assessors. The Assessor agreed to lower the value on all but five of the apartment buildings, saving our clients over $42,000 savings per year.