See how Paramount Property Tax Appeal helped a Los Angeles Medical Office save $190,000.
See how Paramount Property Tax Appeal helped a Los Angeles Medical Office save $190,000.
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A Medical Office building in Los Angeles was assessed at $75.7 Million for its New Construction Base Value.
Following extensive research, Paramount and Wes Nichols determined that the County Assessor had incorrectly inflated the Improvement Value, resulting in an unfairly high Property Tax Bill. Paramount presented the strong case for Reduction on behalf of their client before the County Assessor’s office.
The Appeals board agreed with Paramount's Valuation, which resulted in a $15.8 Million REDUCTION! The client received a refund in the amount of $190,000 and the lower Base Year Value will remain intact for the lifetime of their ownership of the building.