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SURE SAVE Self Storage Partner with Protax LLC to Manage the Formal Appeal Process
Overview In 2012, a real estate broker, referred by an existing Protax LLC client, sought expert assistance with two formal appeals he had filed. With hearing dates fast approaching, he turned to Protax LLC for guidance. Mark, the broker, was keen on establishing a long-term relationship, as he had multiple clients with a portfolio of…
World-Class Spa Lands Major Relief
Overview Protax LLC successfully represented a prestigious spa and resort located in San Diego County. The initial engagement with this client began in 2002 and lasted through 2004. A second engagement commenced in 2019 and continued through 2022, following a substantial increase in the property’s assessment after significant investments were made to elevate the spa…
Eminent Domain Impacts Supermarket
Overview A Food4Less supermarket in Corona faced a significant decline in business due to the city’s exercise of eminent domain. The city’s plan to elevate the property’s street frontage reduced both its access and visibility along the busiest commercial corridor in the area, adversely impacting the property’s market value even before the new improvements were…
Significant Tax Savings for a Premier Office Building in the Inland Empire
Total Tax Savings: $ 0 Overview Protax LLC successfully appealed the assessment of one of the most prestigious office buildings ever constructed in the Inland Empire. Initially assessed at over $43 million, the property struggled in a challenging rental market, remaining largely unoccupied for several years as the owner held out for top-tier rents. Challenge…
Significant Tax Reduction for a New Luxury Hotel in Southern California
Results Overview In 2013, a developer of luxury hotels constructed a stunning new property in Southern California. Confident in their understanding of the market value, they initially appealed the assessment independently. However, the Orange County Assessment Appeals Board upheld the taxable value at over $41 million, resulting in an unexpected and significant long-term financial liability….
Tax Reduction: Section 515 Low-Income Housing Project
Results 0% Total Reduction $0 Total Tax Savings Overview Since 1995, Protax LLC, a leading property tax consulting firm, has been a dedicated advocate for Section 515 low-income apartment complexes across California. By the year 2000, Protax LLC had secured its position as the primary representative for the majority of these properties, managing over 330…
Successful Base Year Appeal for Vacated Special Needs School
Results Overview A client of Protax LLC purchased an industrial building on Venice Blvd that had been vacated by a special needs private school for $4,526,000. However, the county assessed the property at $10,375,000—an over-assessment of $5,849,000, or more than double the purchase price. Challenge Protax LLC faced the challenge of pursuing a base year…
Protax Secures Relief for Bay Area Office Property
Results 0% Total Reduction $0 Total Tax Savings Overview Protax LLC successfully represented a Bay Area client by achieving a substantial reduction in property assessment for their office building. This case demonstrates Protax’s expertise in responding proactively to shifting market conditions and navigating complex real estate valuation challenges. Challenge Despite maintaining near-stabilized occupancy, the office…
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