Proposition 8 – Decline in Value Appeals: Although the real estate market is currently strong, there are always properties that are over-taxed; where the assessed value is significantly more than fair market value. There are a variety of reasons why a property’s is over-taxed: assessor’s records show a larger property than actually exists or assessor’s records misclassify a property to a more expensive type of property or the assessor chose only the most expensive comps. CRE Tax Appeal has successfully resolved appeals for property owners who were dealing with over-taxation due to these issues and others. If you think the assessed value of your property exceeds fair market value, please call us at 858-505-8065 today. CRE Tax Appeal’s results and customer service are exceptional.
California’s Proposition 8 allows property owners to contest the assessed value of their property. When it is proven that the market value of their property is less than the assessed value of their property, the county temporarily reduces the property taxes due or refunds overpaid property taxes. CRE Tax Appeal operates effectively and efficiently, and we pass the savings along to you with a success fee of 33%.
Calamity Appeals: Covid-19 has had a global impact on how we live, work, and interact with each other. We have been researching calamity appeals, including the Revenue and Taxation Code and case law, as well as consulting with attorneys. If your California property was mandated to close, we can challenge the assessment for the period that there was restricted access. To discuss your calamity claim, please call us at 858-505-8065 today. CRE Tax Appeal operates effectively and efficiently, and we pass the savings along to you with a success fee of 33%.
Supplemental & Base Year Appeals: Properties are typically assessed for the same value as the price paid to purchase the asset or the costs associated with constructing the property. If you receive a tax bill for your property indicating a value that is more than the amount that you paid, please call us at 858-505-8065 to file a supplemental appeal. There is only a 60 day time period from receiving a supplemental notice at the property’s mailing address to file a supplemental appeal to receive the maximum amount of refunds that you deserve. However, you have up to four years to file a base year appeal that can get you some refunds and lower the property taxes for as long as you own the property. Any reduction in assessed value that CRE Tax Appeal generates from base year or supplemental appeals, will be realized as tax savings every year until you transfer your property.
These appeals arise when the county assessor assesses your property for more than the price that you paid to purchase or construct the property. This type of appeal is CRE Tax Appeal’s specialty. CRE Tax Appeal has great proficiency in identifying the valuation and taxation issues involved in the transfer or development of a property. These appeals require a substantial amount of research and communication with the assessor’s office. This service is incredibly valuable because the assessed value is reset to Fair Market Value; saving you property taxes for as long as you own the property. Due to the large amount of work and the ongoing value of this service to clients, CRE Tax Appeal charges 60% of the first year’s tax savings for this type of appeal – all other tax refunds or reductions as a result of the successful appeal are free of charge. Some competitors charge as much as 100% of the first year’s savings for these appeals!
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