Real estate developer saves $100,000+ annually from resolving a Base Year appeal

For recently constructed properties, a real estate developer was being charged property taxes on an assessed value that was substantially more than their cost to acquire the land and build the property. CRE Tax Appeal challenged the Base Year value of this developer’s properties and won by demonstrating to the Assessor’s office that their cost estimates were too high when compared to industry standards. This developer saves $100,000+ annually as a result.