Offices in San Francisco & Los Angeles

Offices in San Francisco & Los Angeles

Multi-Family Property Tax Appeal

Alameda County multi-family tax appeal conducted by the professionals of WPA

An apartment complex in Alameda County which was transferred via a number of partial interests. We prevailed following a hearing.


Softening in both the economy and labor markets, as well as rising inflation, and rising interest rates are all factors which have affected a number of multi-family residential markets in 2023. As of late 2022, economists anticipated market adjustments for residential property. The California Association of Realtors issued a press release in October 2022 discussing the market stating “Market shift under way as mild recession and higher interest rates cut into housing demand.” Economists of the N.A.R. elaborated further as follows:

“The baseline scenario of C.A.R.’s 2023 California Housing Market Forecast sees a decline in single-family home sales of 7.2 percent next year to reach 333,450 units, down from the projected 2022 sales figure of 359,220. The 2022 figure is 19.2 percent lower compared with the pace of 444,450 homes sold in 2021.”

While it is true that economic influences often do not affect multi-family and single family home values and trends in the same way, the anticipation of recessionary market conditions would be a concern to multi-family property owners, builders, buyers, and sellers in many markets. A shift in market conditions has the potential to affect rents, vacancy, capitalization rates, and overall risk.

Western Property Advisors are Experts at Multifamily Property Tax Appeals in California

Looking to reduce your property tax burden and maximize your investment returns? Western Property Advisors is here to help! Our team of experienced professionals specializes in multifamily property tax appeals in California. Contact Western Property Advisors today for expert assistance and let us guide you through the process to ensure fair and accurate property assessments for your multifamily investment.

Understanding Multifamily Property Tax Assessments

Property taxes can significantly affect the profitability of your multifamily investment. It’s essential to understand how property tax assessments are conducted for multifamily properties in California. Assessments take into account various factors, such as the property’s size, location, construction type, and income-generating potential. Unlike single-family homes, which are often assessed based on market value alone, multifamily properties are assessed using an income approach. This approach considers the property’s net operating income, taking into account rental income, operating expenses, and capitalization rates. Understanding this assessment method is crucial when preparing for a tax appeal.

The Benefits of Multifamily Property Tax Appeals

A successful tax appeal can lead to significant benefits for multifamily property owners. By appealing an inaccurate assessment, you can potentially lower your property tax liability, increase your cash flow, and enhance the overall profitability of your investment. It’s important to note that the appeal process requires thorough preparation, evidence gathering, and a strategic approach.

Navigating the Multifamily Property Tax Appeal Process

Successfully navigating the multifamily property tax appeal process requires careful planning and attention to detail. Here are key steps to guide you:
  1. Review your property assessment: Begin by reviewing your property tax assessment and identifying any discrepancies or inaccuracies.
  2. Gather supporting documentation: Collect all relevant documentation, including property records, financial statements, rent rolls, and comparable property data.
  3. Evaluate the evidence: Analyze the gathered evidence to build a strong case for your tax appeal. This may include recent sales data, income and expense statements, and assessments of comparable properties.
  4. Prepare your appeal: Develop a clear and compelling argument supported by the evidence. Present your case in a concise and persuasive manner.
  5. File the appeal: Submit your appeal to the appropriate tax assessment appeals board or office within the designated timeframe.
  6. Attend the hearing: If your appeal proceeds to a hearing, be prepared to present your case and respond to any questions or challenges.
  7. Monitor the outcome: Stay informed about the progress of your appeal and the final decision. If successful, enjoy the benefits of a reduced property tax assessment.

Why Choose Western Property Advisors for Your Multifamily Property Tax Appeal?

When it comes to multifamily property tax appeals in California, Western Property Advisors can be of assistiance. Here’s why you should choose us:
  • Expertise: Our team of professionals has in-depth knowledge of California property tax laws, regulations, and assessment methodologies.
  • Experience: We have a proven track record of successfully handling multifamily property tax appeals, saving our clients thousands of dollars.
  • Customized Approach: We understand that each multifamily property is different. We tailor our strategies and arguments to the specific circumstances of your investment.
  • Efficiency: With our assistance, you can navigate the appeal process efficiently, ensuring that all necessary documentation and deadlines are met.
  • Proper Handling of The Issue: Our goal is to handle the issue properly. We expected to achieve fair and accurate property tax assessments for multifamily investments.
Don’t let an inaccurate property tax assessment hinder the success of your multifamily investment. Contact Western Property Advisors today and let our experts guide you through the multifamily property tax appeal process. We will analyze the best way to review and handle your property tax valuation.

Thank you for considering us
for your tax appeal needs.

Daniel Glasser, MAI

Director, Valuation Services
[email protected]

Northern California:

Southern California: