No challenge is too big for Paramount Property Tax Appeal. Although furniture stores are common, a specific property in San Bernardino County had its own sets of challenges due to its sheer size and the diversity of its footprint. The entire property was comprised of a two-story showroom at 75,000 square feet for each floor, and a 200,000 square-foot warehouse with a mezzanine and two additional floors.
The property owner was quite concerned about his tax liability. Turning to us to perform a thorough assessment of the true market value of both showroom and warehouse, we were able to make his day. Our plan: employ both Sales and Income Approaches and then present compelling data to the Assessment Appeals Board. The result: a reduction in assessed value from $39 million to $28.5 million, resulting in a savings of over $110,000 for our client.