Significant Tax Savings for a Premier Office Building in the Inland Empire

Results

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

Excessive vacancies from 2013 through 2019 created significant financial strain for the property owner, who urgently needed to reduce the tax burden imposed by the high assessment.

Solution

Protax LLC intervened by filing a series of formal appealAppeal Here is the definition of appeal applications on behalf of the property owner. Through meticulous efforts and strategic presentations, Protax secured annual reductions in assessed value averaging $6 million.

Results

These successful appealsAppeal Here is the definition of appeal resulted in over $400,000 in tax refunds over seven years, offering substantial financial relief to the client.

Conclusion

This case underscores the vital role that professional property tax consultants play in navigating complex assessment challenges. Protax LLC’s expertise and persistent efforts delivered significant tax savings, demonstrating the value of specialized knowledge in achieving favorable outcomes for property owners.