See how Paramount Property Tax Appeal helped a La Quinta Luxury Estate owner save $280,000.
See how Paramount Property Tax Appeal helped a La Quinta Luxury Estate owner save $280,000.
A client had just constructed a pristine luxury villa in La Quinta, California and the property was assessed at a hefty $55 Million. After devoting lots of money and time into building a dream estate, the last thing an owner wants is to be over charged in property taxes.
Here at Paramount, we take pride in finding reductions on unique cases to ensure fairness to the taxpayer. After working with the Assessor's office, we found out their valuation was based on redacted confidential data. Managing Director Wes Nichols was able to find better comparable properties, which gave a much more accurate value.
After a long, drawn out finding of facts, the Board sided with Paramount and reduced the assessed value to $32 Million on the new construction. This $23 Million reduction saved our client about $275,000, and they keep the reduced value for the entirety of their estate ownership.