Large Garden-style Luxury Apartment Complex
An owner of four luxury apartment complexes in San Diego County, consisting of approximately 400 units each, hired Protax LLC to review and reduce their property tax expenses. Protax LLC prepared and submitted a series of informal requests and formal appeals that reduced the assessed values on these four projects by $50,000,000 from 1993 to 2003.
“As many of our properties contain a number of limited partners whom are foreign born nationals, it is very important to us for our property tax representative to comply with all the property tax laws while they represent our interests. Protax LLC handled all of our dealings with the County Tax Authorities in a very professional manner, and the tax savings were very impressive producing a tremendous savings which flowed directly to our bottom line.”
E.C. (Lomco Management)