ALABAMA

 

Location: Birmingham

Property Type: Retail
Tax Years: 2010
Savings: $73,000

PPT successfully reduced the assessment of a neighborhood shopping center from more than $9,000,000 to just over $4,000,000 for tax year 2010, saving its client $73,000 in annual property taxes.

 

ARIZONA

 

Location: Phoenix

Property Type: Retail
Tax Years: 2008-2010
Savings: $100,000

PPT recently resolved several tax court cases in its client's favor on a retail property in Arizona producing total savings of more than $100,000.

 

CALIFORNIA

 

Location: Los Angeles

Property Type: Office
Tax Years: 2008
Savings: $145,000

PPT reduced two fully-leased office buildings purchased for more than $65,000,000 in 2006 by more than $11,000,000 for tax year 2008.

 

CONNECTICUT

 

Location: Hartford

Property Type: Office
Tax Years: 2010
Savings: 750,000

PPT successfully appealed the 2010 taxes in the New Britain Judicial District Court on an office building and parking garage in Hartford, CT reducing the city's market value from $34,907,800 to a value of $30,200,000 saving our client over $250,000 in annual taxes. Additionally, our firm again successfully appealed the 2011 taxes reducing the city's market value from $30,200,000 to $20,914,130 saving our client over $500,000 annually in taxes.

 

FLORIDA

 

Location: Coco Beach

Property Type: Special Purpose
Tax Years: 2006 and 2007
Savings: $190,000

PPT obtained an $11,000,000 reduction on a Coco Beach, Florida hotel property, generating $190,000 in tax savings for ownership.

 

ILLINOIS

 

Location: Chicago

Property Type: Office
Tax Years: 2010
Savings: $235,000

PPT recently reduced the tax bill on a six-story office building in Chicago by $235,000. A further reduction is being pursued in Court.

 

INDIANA

 

Location: Indianapolis

Property Type: Retail
Tax Years: 2010
Savings: $365,000

PPT successfully reduced property taxes for years 2006 through 2010 on a large shopping center in Indianapolis, saving its clients more than $300,000.

 

Location: Indianapolis

Property Type: Retail
Tax Years: 2006 - 2009
Savings: $650,000

PPT was able to reduce a sizable retail property near the Lafayette Square Mall in Indianapolis from an assessed value of more than $10,000,000 to $2,500,000, generating tax savings for its client in excess of $650,000.

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Location: Indianapolis

Property Type: Office
Tax Years: 2008
Savings: $650,000

PPT recently took over for prior counsel on behalf of an Indianapolis insurer. The case had been pending for four years, but our firm resolved the issue in favor of the taxpayer in less than four months. The total refund approximated $650,000. 

 

IOWA

 

Location: Des Moines

Property Type: Hospitality
Tax Years: 2008-2010
Savings: $80,000

PPT successfully reduced a hospitality property purchased for more than $5,000,000 to $3,000,000 producing total tax savings of more than $80,000.

 

KANSAS

 

Location: Wichita

Property Type: Retail
Tax Years: 2010
Savings: $64,000

PPT recently reduced the assessment of a big-box retail store in Wichita Kansas, cutting it in half, and saving its clients $64,000 through litigation at the State Tax Tribunal.

 

KENTUCKY

 

Location: Louisville

Property Type: Multi-Family
Tax Years: 2008
Savings: $77,000

Our firm recently reduced the value of a class-A apartment complex in Louisville, Kentucky by more than $6,000,000, saving the taxpayers $77,000 annually.

 

Location: Jeffersontown

Property Type: Multi-Family
Tax Years: 2008
Savings: $60,000

Our firm recently reduced the value of an apartment complex in Jeffersontown, Kentucky by more than $5,000,000, saving the taxpayers more than $60,000 annually.

 

MASSACHUSETTS

 

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Location: Westborough

Property Type: Industrial
Tax Years: 2008-2010
Savings: $99,000

In settlement of litigation before the Massachusetts Appellate Tax Board our office obtained a refund check of $99,000 for its client, the owner of an industrial property in Westborough, MA.

 

MICHIGAN

 

Location: Plymouth

Property Type: Industrial
Tax Years: 2008-2010
Savings: $360,000

PPT recently reduced the assessments of an industrial property by more than 110% through tax litigation resolved in its client's favor, saving the client more than $360,000.

 

Location: Howell

Property Type: Multi-Family
Tax Years: 2010
Savings: $115,000

PPT recently reduced the assessment of a multifamily asset from nearly $12.0 million to $7.1 million by agreement through litigation at the Tribunal.

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Location: Detroit

Property Type: Special Purpose
Tax Years: 2008
Savings: $650,000

PPT obtained a $22,000,000 reduction on vacant land held for development at the Detroit Airport, generating $650,000 in property tax refunds, and an additional $460,000 in exemption relief for prior years.

 

MINNESOTA

 

Location: Minneapolis

Property Type: Retail
Tax Years: 2008 - 2009
Savings: $600,000

PPT negotiated a Minnesota Tax Court settlement reducing the valuation of a regional mall from more than $32,000,000 to less than $16,000,000 for tax year 2008, then again to under $10,000,000 for tax year 2009, saving its clients more than $600,000.

 

 

NEBRASKA

 

Location: Omaha

Property Type: Retail
Tax Years: 2008
Savings: $157,000

PPT reduced an outlet center in Nebraska from more than $9,000,000 in value to approximately $2,000,000 in value over three years by successive appeals before the Tax Equalization and Review Commission. This saved his client $157,000 in real property tax.

 

NEW YORK

 

Location: Syracuse

Property Type: Office
Tax Years: 2007
Savings: $200,000

Our firm obtained a $200,000 tax savings for a corporate insurance client in upstate New York on its headquarters building through a filing at the Board of Review and negotiations with the local assessor and school board counsel.

 

 

OKLAHOMA

 

Location: Tulsa

Property Type: Multi-Family
Tax Years: 2009
Savings: $33,000

PPT reduced two recently-purchased, large multi-family assets by more than 30% in tax year 2009.

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PENNSYLVANIA

 

Location: Philadelphia

Property Type: Office
Tax Years: 2010
Savings: $112,500

An office building in the Philadelphia suburbs of Horsham, Pennsylvania was reduced from a market value of $13.7 million to $6,000,000 by PPT in October of 2009.

 

SOUTH CAROLINA

 

Location: Greer

Property Type: Office
Tax Years: 2008-2009
Savings: $185,000

Our firm obtained a reduction in value on a Greer, South Carolina regional office campus, saving an owner-occupier $185,000 over five years.

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Location: Myrtle Beach

Property Type: Industrial
Tax Years: 2006
Savings: $550,000

PPT obtained a favorable change in classification from manufacturing to general commercial status for a large tire distribution facility in South Carolina through litigation against the Department of Revenue. His efforts resulted in annual tax savings of $500,000 for his client.

 

TENNESSEE

 

Location: Memphis

Property Type: Office
Tax Years: 2007
Savings: $250,000

In December of 2007, our firm obtained a $250,000 refund for a lender who foreclosed on a Memphis office complex.

 

Location: Nashville

Property Type: Multi-Family
Tax Years: 2005-2006
Savings: $1,400,000

Our firm obtained $1,400,000 in tax savings on a portfolio of apartment complexes in Memphis and Nashville, Tennessee in tax years 2005 and 2006.

 

TEXAS

 

Location: San Antonio

Property Type: Multi-Family
Tax Years: 2010
Savings: $225,000

PPT recently resolved State Court litigation in its client's favor by resolving tax years 2009 and 2010 for total reduction in value of $9,000,000. The property was a nearly-new multifamily asset.

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Location: Waco

Property Type: Multi-Family
Tax Years: 2009
Savings: $175,700

PPT obtained more than $175,000 in tax relief on a student housing property at Baylor University.

 

Location: Houston

Property Type: Office
Tax Years: 2009
Savings: $210,000

PPT successfully reduced the assessment of a Houston-area office building from more than $12,000,000 to just over $3,000,000 with no formal litigation required.

 

UTAH

 

Location: Salt Lake City

Property Type: Office
Tax Years: 2008
Savings: $54,000

A fully-lease office building was reduced to a value that was $2,000,000 below its recent acquisition price by PPT.

 

WISCONSIN

 

Location: Milwaukee

Property Type: Hospitality
Tax Years: 2008 - 2009
Savings: $210,000

Our firm reduced the valuation of a downtown Hyatt hotel by more than 25% to a value well below the recent purchase for tax years 2008 and 2009.