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RESIDENTIAL

    ATTENTION HOMEOWNERS: The current slowdown in the California residential real estate market offers a significant opportunity to reduced your property tax expense.  Please contact us immediately to discuss your specific situation.

    Each year Protax represents hundreds of individual homeowners throughout California. The average tax savings for each homeowner that we represent is about $3,500. Although we have many commercial properties and clients, we represent many more owners of single family residences and have achieved significant property tax savings for these homeowners in nearly every county throughout the State of California.

    Total Assessed Value Reductions: $800,000,000

    Total Tax Savings: $8+ million

     

    Case Study #1: Appellate Court rules the actions of the Assessor are “arbitrary and capricious”!

    Case Study #2: Significant refunds for executive Golf Course Homes to be determined by the court!

    Case Study #3: Custom Home Owner in Palm Springs saves thousands of tax dollars year after year!

    Case Study #4: Northridge earthquake shakes up its owner and then the assessor’s office!

     

    Case Study #1: Appellate Court rules the actions of the County are “arbitrary and capricious”!

    Total Tax Savings: $35,000 in Legal Fees Reimbursed

    The rules and regulations of the Revenue and Taxation Code of the State of California have been enacted to protect the individual AND the interests of the community while the County engages in the task of assessing property and collecting property taxes. Significant consequences can befall those who blatantly disregard these rules and laws. One such example occurred during the appeal of a luxury home in a large County.

    At the assessment appeals hearing, Protax LLC introduced substantial market evidence in order to justify a reduction in the assessed value. The appraiser from the County presented a case that failed to make the required adjustments to the sales comparables as mandated by law. Despite this clear violation of the law, the Assessment Appeals Board ruled in favor of the assessor. Protax LLC filed a legal action in Superior Court that was denied. The case was appealed to the Appellate Court. The Appellate Court reversed the lower court decision ruling in favor of the homeowner and Protax LLC.

    The Appellate Court ruled that the actions of the County Assessor were “arbitrary and capricious”, and therefore the Court issued an order for the County to reimburse $35,000 in legal fees to Protax LLC which were incurred due to the blatant disregard of the law committed by the County Assessor’s Office.

     

    Case Study #2: Significant refunds for executive Golf Course Homes to be determined by the court!

    Total Tax Savings: To be determined (by courts)

     

    The Vintage Club is an exclusive Country Club in Palm Springs. All members must own property at the Club. The real estate values within the club are dramatically higher than similar properties in nearby areas outside of the club. Protax LLC filed numerous appeals for these property owners arguing that this differential should be excluded from the assessed value of the real property as intangible personal property and therefore not subject to property tax.

    During these proceedings the County failed to schedule several of these hearings within the two year statutory time limit required by State law. The law further states that the value submitted on the application shall be enrolled as the taxable value whenever the County fails to conduct an appeal hearing within this statutory time frame. As a result, Protax LLC filed an administrative claim for a refund which was followed up by legal action that may eventually produced a $250,000+ tax savings.

     

    Case Study #3: Custom Home Owner in Palm Springs saves thousands of tax dollars year after year!

    Total Tax Savings: $116,000

    One of our clients owns a 6,400 s.f. home on a 1 acre parcel in Palm Springs. In the initial year, Protax generated a $6,000 tax refund. Since that time we increased the annual tax savings to more that $10,000 per year saving over $100,000 during an eight year period.

     

    Case Study #4: Northridge earthquake shakes up its owner and then the assessor’s office!

    Total Tax Savings: $8,000

    The owner of an 8,000 square foot home in North Hollywood suffered a tremendous amount of damage from the Northridge earthquake.  In a subsequent tax year, he assessor arbitrarily rescinded the “disaster relief” increasing our client’s tax bill by $8,000. We represented this client before the “board of equalization” and succesffully reinstated the original disaster relief. In addition, we were able to actually increase the amount of the relief previously granted by carefully documenting the actual damage to the property and preparing a valuation summary of the property’s true fair market value.