Offices in San Francisco & Los Angeles

Offices in San Francisco & Los Angeles

Case Study: Successful Los Angeles County California Office Building Property Tax Appeal Conducted by Western Property Advisors

Introduction for Property Tax Appeal

When it comes to navigating property taxes, owners of office buildings in California, at times, find themselves burdened with excessive tax assessments. At Western Property Advisors, our professionals specialize in property tax appeals and addressing issues of clients in order to achieve lower property taxes on office buildings. Recently, we worked with a client who owned a prominent three-building office complex in Los Angeles County, California. Through analysis, examination of vacancy rates, and comprehensive support for market rents, cap rates, and comparable sales, we successfully conducted a property tax appeal hearing, resulting in significant tax savings for our client.

Background for Property Tax Appeal

Our client, the owner of a three-building office complex in Los Angeles County, California, approached us with a specific objective—to identify a fair and equitable property tax assessment on their commercial property. They disagreed with the accuracy of the initial tax assessment. Aware of the potential savings that could be achieved through a successful appeal, our client involved Western Property Advisors to handle property tax appeals and seek fair taxation for their office complex.

Appeal Process for the Property Tax Appeal

Understanding the importance of a well-structured appeal, our team at Western Property Advisors inspected the office complex. We examined factors such as vacancy rates, market rents, cap rates, and comparable sales to build a strong case for a lower property tax assessment. With expertise in Los Angeles County property tax laws and regulations, we analyzed the property to present at the property tax appeal hearing.

Our thorough approach involved conducting research into the local commercial real estate market, analyzing the prevailing vacancy rates in similar properties, and gathering supporting evidence for market rents and cap rates. We analyzed comparable sales data to demonstrate the accurate valuation of the office complex. Using this data, we were well-prepared to present a persuasive case during the property tax appeal hearing.

Successful Outcome of the Property Tax Appeal

Through our clear analysis, full preparation, and detailed presentation, we achieved a successful outcome for our client. During the property tax appeal hearing, we presented our case, setting forth proper data techniques for the office complex. We provided evidence supporting correct market rents and cap rates, all of which contributed to a fair and accurate assessment of the property’s value.

Our efforts paid off as the board and assessor recognized the legitimacy of our value conclusions. They acknowledged the analysis we conducted and the evidence we presented, leading to a favorable decision. As a result of the successful property tax appeal hearing, our client achieved significant tax savings, ensuring fair taxation and a reduced financial burden on their office complex.

Property Tax Appeal Case Study Conclusion

The successful Los Angeles County, California, office building property tax appeal handled by Western Property Advisors exemplifies our commitment to assisting property owners in achieving lower property taxes and fair taxation. Through thorough analysis, detailed research, and clear presentations, we successfully navigated the complexities of the appeal process for our client’s three-building office complex. Our detailed support for market rents, cap rates, and comparable sales enabled us to present a compelling case during the property tax appeal hearing.

If you find your property burdened by high property taxes on your office building assessments which have not been adjusted after the market has changed in Los Angeles County, consider involving Western Property Advisors. Our professionals have a proven track record of yielding for clients significant tax savings from fair revisions to property tax assessments. Contact us to schedule a consultation and discover how we can assist you in lowering property taxes and achieving fair taxation for your commercial property.

Thank you for considering us
for your tax appeal needs.

Daniel Glasser, MAI

Director, Valuation Services
[email protected]

Northern California:

Southern California: