In 2007 our client purchased a convalescent home in Sacramento County for a $3.3 million value. This included both the real estate and the business. The assessor valued the property at the original purchase price of $3.3 million. When we stepped in to appeal the case for the taxpayer, we built a strong case on the fact that the property should be appraised on the value of the real estate alone. Our knowledgeable tax agents and appraisers used sales comparisons as well as the construction cost approach to come up with our opinion of the true property value. When we presented to the assessment appeals board, we were successful in reducing the value of the property to $1.5 million. This resulted in the client receiving a $32,000 refund for both 2008 and 2009, as well as establishing a new base year.