June 2013 successes

During the past few months my clients received tax refunds in the hundreds of thousands of dollars.   One notable case involved a luxury home in Paradise Valley where I reduced the full cash value of the home from over $5 million to just over $2 million for three years.  Not only did we get the Assessor to reduce the per square foot value, but I discovered an almost 1,000 square foot discrepancy in the total square feet of the home that reduced the total square footage by one-tenth.  This will result in a  perpetual tax savings.  This case, like almost all of my cases, settled without having to hire an appraiser or go to trial. 

I settled another case in Paradise Valley of a luxury home where we reduced the full cash value from over $5 million to below $2 million for two years.  Like the previous case, no appraisers were involved and the case settled without going to trial. 

I have several property tax appeals involving vacant land.  In one case involving a large tract of land in the southwest valley, we reduced the per square foot value by almost 80% and saved my client hundreds of thousands of dollars just in the first year of the appeal.  Because of the large reduction in the first tax year, the subsequent years appeals warranted lesser reductions.  Nevertheless, I still was able to save my client around an additional $150,000 in property tax.

In another appeal of vacant land in the southeast valley, the property was zoned both for commercial and residential uses.  This case also settled without benefit of an appraiser and saved my client well over $100,000.  We now are appealing the 2013 and 2014 tax year full cash values.  The 2013 tax year valuation has settled on the value I put before Maricopa County.  We are awaiting a response from Maricopa County on the settlement offer I made on the 2014 tax year full cash value.  I expect that will settle, as well.

I have had many more successes earlier this year.  I was able to get Maricopa County to agree to reduce the full cash value of a commercial property near the Sky Harbor Airport from $7.1 million to over $2 million.  This appeal involved several tax years and saved my client several hundreds of thousands of dollars.  Currently, we are appealing the 2014 tax year and are awaiting a response to my offer from Maricopa County. 

There were several other cases we settled well for my clients this year involving office buildings, residential vacant land, apartment buildings, and a warehouse near downtown Phoenix, among others.  The warehouse appeal was interesting.  Although it was a warehouse, it was dilapidated and not in use.  Not only did Maricopa County agree to settle close to the value we sought, but Maricopa County also agreed to reclassify the property as vacant with a 16% assessment ratio from commercial with a 20% assessment ratio.  This alone would account for a 20% reduction in property tax.

I have many more cases in varying degrees of progress.  Several are close to settling.  Should you wish to explore whether I can obtain tax savings for your property, then please contact me either on my office phone at 480.612.9577 or my cell phone at 602.677.2691.  Better yet, send me an email at mtynanlaw@cox.net.  I will respond.