Solution

Fisk Kart Katz and Regan recommended correcting the plat of survey creating two distinct tax parcels;
 Reallocate the purchase price between the two distinct tax parcels in a more favorable manner; and
Bolster their appeal methodology with uniformity arguments, empirical office market data, occupancy data, and explanations of the purchaser's motivation and intent.

Result

Client realized an assessed market value approximately $8,000,000 less than the purchase price. FKKR obtained a lower tax basis and established a proven methodology that ensured lower assessments in future years.

For more information on real property tax appeals, contact James Regan