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 properties requiring professional tax services. He estimated the total reduction potential for his portfolio at approximately $15 million.

Challenge

Facing limited time to prepare, Protax LLC swiftly mobilized its team of experienced staff and appraisers to take over the appeals. The team worked diligently to gather and process the necessary information for the county assessor while simultaneously preparing formal cases to present to both the county assessor and the county assessment appeals board.

Solution

Protax LLC promptly submitted a change of agent form to the county clerk and requested a continuance, a standard procedure available to both parties. Once the continuance was granted, Protax LLC finalized its case and presented it to the county, initiating a strategic negotiation process.

Results

Through Protax LLC’s efforts, the property received a series of Proposition 8 reductions for the 2010, 2011, 2012, and 2013 tax years. These reductions collectively lowered the assessed valuation by a total of $18.5 million over four years.

Conclusion

This case highlights the value of partnering with a professional property tax consulting firm like Protax LLC. Their prompt action and unwavering commitment to building long-term client relationships set them apart in the industry, delivering substantial financial benefits to their clients.