The State of the Industry
Updated May 2009 -
The commercial real estate market indicators continue to slide as the market itself is held hostage to the ‘crisis management’ of the U.S. Government. Though we have seen recent encouraging improvement in the financial markets the future remains uncertain as financial gurus inside and outside the government continue to make decisions in an uncertain time with unknown consequences. Never has it been more important for you to protect the bottom line than it is today. As stated by Andrew Florance, President and CEO of CoStar Group, “When the market is moving this rapidly you have to switch gears and look at it from a different angle.” California Property Tax Associates is that angle.
California Commercial Property Tax System
California is the only state in America that, under Proposition 13 limits the fair market value the Assessor may place on the Assessment Roll each year. There are strict rules which must be followed to ascertain the Assessed Value initially and then likewise for adjustment each year. When commercial properties appreciate that is less of a problem for the property owner, but when commercial property values decline, reassessment is necessary. However, the Assessor is under no requirement to reduce values. Additionally there is widespread disagreement over what methods to use for commercial reassessment and revaluation. Lastly, the very office responsible to cut the property assessments is working under fear that lost revenues for the government (tax savings to you) results in job losses and budget cuts for them.
You need someone who can take the time to sort through the issues. Someone who has the experience and contacts necessary to get the job done, achieving maximum results. You need an expert.
Why California Property Tax Associates?
Simply stated, we are the experts in this business. For commercial property, whether apartments or office buildings, shopping centers or industrial, warehouse or distribution center, gas station or retail center, or even vacant residential development property we are the solution.
- California Commercial Property Experts
- Experience back to 1989
- Contingency based; No savings, No fee
- Assessment / Reassessment / Appeals
- Full service representation - just give us your parcel numbers
- We file all required forms
- We communicate directly with Assessors Office
- We analyze and prepare valuation of the property
- We negotiate settlement
- We attend appeal hearings if necessary to secure reassessment
- We follow the process to secure you a property tax savings, credit or refund
YOU DON’T PAY ANYTHING UNTIL YOU RECEIVE A PROPERTY TAX SAVINGS, CREDIT OR REFUND!
Please call us immediately to begin the process at (909) 867-5000. Time is critical as once deadlines pass all opportunity is lost until the following year. If more convenient for you, please leave your contact information and we will be happy to call you.