TAXPAYER TO RECEIVE LIFE-LONG SAVINGS OF $4,204 PER YEAR

Highlights

Our client purchased a home in Newport Beach for $2.2 million, but because it was a short sale the Assessor enrolled a much higher value of $2.6 million. We contacted the Assessor and submitted a bank appraisal, which the Assessor’s Office disregarded. We presented our case in front of the assessment appeals board and used mapping software to show the variant prices for properties with ocean and non-ocean views in Newport Beach. Because our team went the extra mile, we showed the purchase price was the correct price due to the condition of the property.  The board agreed and lowered the supplement / base year value of the home. The taxpayer will receive a life-long savings of $4,204 per year.

 

Success