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A Few Examples Our Successes:
RTC represented a large business district office
building that tax assessors had valued at 23 million dollars based on rents for
major tenants. RTC contended the
evaluations were inflated, backing up its position with a detailed analysis of
rental rates of surrounding buildings. The reviewers agreed that the fee simple market value for property tax
purposes should be used for RTC’s client.
When a site was assembled to build a Big Box retail
establishment, RTC discovered that former demolished improvements. Were still
on the records of the tax assessors. RTC successfully appealed the assessment.
RTC represented a chain of medical offices.
The tax assessors used valuation models that did no identify nor
quantify depreciation and obsolescence. When RTC detailed the fee simple value based on all physical, functional
and economic obsolescence, the assessors accepted the correctness of the
analysis by RTC and reduced their valuation.
Realty Tax Challenge, Inc. 1600 Old Country Rd., Suite 105
Plainview, NY 11803 (516)
391-9700
Toll Free 1-888-RTC-4321
Dallas Office (972)401-0108
Copyright © 2002-2004 Realty Tax Challenge, Inc.
Website by Miles Technology Solutions, Inc.
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