RPC Property Tax Advisors (RPC) reports that it has saved San Diego County commercial property owners nearly $2.7 million in 2009-10 property taxes, according to Ken Sullivan, managing principal of RPC Property Tax Advisors, a San Diego-based provider of professional property tax assessment appeal representation.
“In just the past two years, RPC has assisted San Diego County commercial property owners in reducing one of their largest annual expenses — property taxes,” said Sullivan. “RPC reviews tax assessments at no charge and provides our opinion of your property tax refund opportunities. To ensure that a particular property is not over assessed, we offer our clients a free online ‘No Cost Tax Assessment Review’. If we believe the property is over assessed, we appeal the assessed value to the county assessment appeals board and work to obtain the largest property tax refund possible.”
A trusted property tax advisor since 1989, RPC adds bottom line value to an owners’ real estate investment, providing state-of-the-art property tax appeal services. RPC’s success is attributed to a blend of professional relationships with the various county assessors; extensive appeals board hearing experience, knowledge of California’s revenue and taxation codes, an experienced team of former county assessors on staff, as well as a thorough understanding of the California taxpayers’ options via the lengthy assessment appeals process.
Sullivan said commercial property owners should not delay the tax assessment appeal process. RPC must file an Application for Changed Assessment with the appropriate county clerk, the application must be complete and filed timely in order to be valid otherwise the county clerk will not schedule an appeals hearing and any tax savings are lost forever. He said that July 2nd is the rapidly approaching date to begin an assessment appeal for tax year 2011-12 with hearings scheduled on a first come first served basis.
“The sooner we start the process, the sooner you will benefit from reduced property taxes,” said Sullivan.
Sullivan pointed to several recent examples of significant property tax savings in San Diego County and throughout California.
• 139,451-square-foot Office/Industrial building (R&D & Office mix) in San Diego, County Tax Savings — 2009: Reduced from $37,454,400 to $26,100,000 for tax savings of $123,967.00; 2010: In progress
• 542,743-square-foot high rise (street level retail, 33 stories of office space, top 8 residential) in San Francisco County Tax Savings 2009: Personal property reduced from $21,586,465.00 to $3,787,047.00 for tax savings of $227,746.00
• 397,012-square-foot Multifamily in Sacramento County. Tax Savings — 2009: Reduced from $52,989,204.00 to $48,500,000.00 for tax savings of $49,986.00. 2010: Reduced from $52,989,204.00 to $40,000,000.00 for tax savings of $143,589.98.
• 476,229-square-foot Multifamily Los Angeles County. Tax Savings — 2009: Reduced from $88,282,854.00 to $78,600,000.00 for tax savings of $112,566.00. 2010: Reduced from $87,615,297.00 to $76,500,000.00 for tax savings of $141,148.60.
• Personal property for 27 Rubio’s restaurants in Orange County. Tax Savings — 2010: Reduced from $7,069,466.00 to $4,469,007.00 for tax savings of $50,829.00
• 114,564-square-foot industrial building in San Diego County. Tax Savings 2009: Reduced from $20,211,850.00 to $16,200,000.00 for tax savings of $40,536.00. 2010: Reduced from $20,163,946.00 to $16,200,000.00 for tax savings of $40,030.00