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Real Estate Appraisers Needed
Welcome and thank you for investigating what we believe will be an opportunity for you to earn money while continuing your focus as a real estate appraiser. We sincerely think you will agree that in this challenging time of economic instability it is critical that all avenues of possibility are explored to maintain fiscal competence by aligning oneself with the dynamic trendsetters of the moment. We are that trendsetter.
You Chose Your Properties
If chosen to represent us in your area, you will have the opportunity to choose which properties you want from those we offer you to work. Simply put, we will offer you a property we have under contract and you will decide whether you wish to take it. Once you accept to represent it, you will prepare your case and work with the County Assessors Office to reduce the assessed value. Sometimes this can be done with informal negotiations and other times you must appear before the Assessment Appeals Board. Once the Assessment has been reduced, we get paid.
You Earn A Percentage Of Our Fee
For your successful work, you will receive 50% of the fee we collect from the Client owning the property whose value you reduced for the year under appeal. We work entirely on a contingency basis so if there is no savings, there is no fee. But once we have collected for the work you accomplished, we will send you your 50%. Here is an example:
Residential Property Under Appeal
2009 Assessment $700,000
New Value $400,000
Reduction Achieved $300,000
Annual Savings $3,000
Our Fee $1,500
Your Fee $750
That can add up. Fast. How many properties will you have? How many properties do you want? We have thousands of properties under appeal, with hundreds scheduled each month.
At CAPTA we have an extensive Client list. Over the years we have saved thousands of Clients millions of dollars and currently have over $2 billion of appeals filed. Our Clients love us. You get the idea.
But you are a residential appraiser? No problem. Our work actually requires no license. We will train you on how to present a commercial case. You experience is welcomed but not necessary. Your understanding of basic appraisal is valuable but our job is to find the lowest possible value allowed by law. You understand appraisal is an opinion and the true value is a range. We exploit that range to find the lowest proveable value. Commercial properties offer far greater opportunity for this range as few commercial properties are alike. Similar but subject to far more adjustments (opinions of difference). Again, you get the idea. So, if you choose the higher value (higher fee) commercial cases, the rewards can be impressive.
Let’s look at the commercial possibilities:
Industrial Property Under Appeal (Actual Hearing From March 5, 2010)
2009 Assessment $13,132,969
New Value $10,750,000
Reduction Achieved $2,382,969
Annual Savings $28,596
Our Fee $14,298
Your Fee $7,149
It is fairly easy to see the potential. And we are not even sharing the information on the $37 million apartment complex which was reduced to $15 million! Do the math!
To summarize, you must be able to talk value to the Assessors Office appraisers. You must be able to go to Assessment Appeals Hearings, and present and defend your case as well as cross-examine the Assessor’s case. You must be agressive, analytical and a fast thinker. But most of all, you must think outside the box. Don’t forget, we have the experience and we will train you.
Act Fast If You Are Interested
Our territories are disappearing rapidly. If this sounds interesting to you do not hesitate to let us know. We have references, we have results, and we have the program. The time to act is now. To be considered for this select opportunity, please click on the ‘contact us’ link in the menu above. We will be in contact with you soon to discuss this program in greater detail.
Thank you for your time. To go to our home page, click here.
California Property Tax Associates (CAPTA)
“THIS ASSESSMENT REDUCTION FILING SERVICE IS NOT ASSOCIATED WITH ANY
GOVERNMENT AGENCY. IF YOU DISAGREE WITH THE ASSESSED VALUE OF YOUR
PROPERTY, YOU HAVE THE RIGHT TO AN INFORMAL ASSESSMENT REVIEW, AT NO
COST, BY CONTACTING THE ASSESSOR’S OFFICE DIRECTLY. IF YOU AND THE
ASSESSOR CANNOT AGREE TO THE VALUE OF THE PROPERTY OR IF YOU DO NOT
WISH TO CONTACT THE ASSESSOR YOU CAN OBTAIN AND FILE AN APPLICATION
FOR CHANGED ASSESSMENT WITH THE COUNTY BOARD OF EQUALIZATION OR
ASSESSMENT APPEALS BOARD ON YOUR OWN BEHALF. AN APPEALS BOARD HAS THE
AUTHORITY TO RAISE PROPERTY VALUES (BUT IN NO CASE HIGHER THAN THE
PROPOSITION 13 PROTECTED VALUE) AS WELL AS TO LOWER PROPERTY VALUES.”
The above disclaimer is required by AB 992. CAPTA is pleased to include it in our website as a remedy to the growing number of fraudulent companies seeking to take advantage of the continuing problems associated with falling real property values.
While CAPTA agrees with the above premise that the Assessor should reduce a property’s value if it is over-assessed, the magnitude of the work required to accomplish this task is not possible. As the need increases, the budget and staffing at the Assessors Office decreases. They simply cannot do more work with less people. That’s where CAPTA comes in.
California Property Tax Associates (CAPTA) is an expert in the field of Property Tax reduction relief . For many years we have saved thousands of Clients millions of dollars in counties throughout the State of California by representation before the Assessment Appeals Boards in the assessment reduction process. Our Associates who will actively work on our Clients portfolios include attorneys, licensed and certified appraisers, and past and present County Assessment Appeals Board Members.
California Property Tax Assessment Appeal Experience and Services
- 20 Years Experience Reducing Assessments County by County
- A History of Success Across Property Types (see rotating chart on right for recent reductions)
- Contingency Based Fee; No Savings, No Fee!
- CAPTA Does All The Work
- All Appraisal Work Required
- Informal Assessment Review Filing
- Negotiation With Assessors Office
- Formal Appeal Filing- If Your Appeal Is Already Filed By You Or Another Agent- We Can Still Represent You
- Negotiation With Assessors Office Prior to Assessment Apeals Hearing
- Full Representation at the County Assessment Appeals Board Hearing
- Future Year Assessment Appeal Filing Where Warranted
- Annual Property Tax Assessment Review to Ensure Lowest Possible Value
CAPTA is dedicated to educating property owners about their rights under the California Revenue and Taxation Code. Some of our associates have worked to provide assessment relief and reduce property taxes since 1989.
Our mission is simple:
- Enforce our Clients Rights under Proposition 13 and ensure they never pay more property tax than what they are required to pay after applying every conceivable reduction strategy allowed by law.
In most cases our fee agreement is simple as well: You, the property owner receive property tax savings, credits, or refunds–otherwise you don’t pay. There are never any up front costs and fees are only due once you have received official notification of your savings. NO SAVINGS-NO FEE!
Over the years our associates have handled cases for a variety of clients and interests which include restaurants such as Del Taco, Sizzler, Honey Baked Hams and Burger King, vacant commercial and residential land projects, shopping centers and retail properties such as Chino Town Center and Blue Jay Village Corp., hundreds of industrial buildings such as the GFS Airport Center located at the Los Angeles International Airport, hundreds of office and apartment buildings, and countless single-family residences Statewide.
CAPTA Can Help
Our team of agents and consultants have helped property owners get through tough times like these back in the 1990’s with property tax savings and even refunds. The California Property Tax Appeal system is difficult but fair overall, but accurate taxation is the responsibility of the property owner who has the greatest interest in establishing a fair market value.
CAPTA can give you Property Tax Reduction help and assistance. Now more than ever you need to protect your assets by making wise decisions in a depreciating market. CAPTA has the Agents, Consultants and systems in place and the experience you need to maximize your property tax savings and refunds. Regardless of whether you own residential property, apartments, retail, commercial, industrial or even vacant land, all real estate is subject to valuation for taxation by the County Assessors Office and should be reviewed for a reduction in value whenever possible.
CAPTA has provided answers to most of your questions throughout the pages of this site. Please feel free to browse our frequently asked questions (FAQ) section for additional information.
Ready to Get Started? There is no charge to begin and no fee is due until a reduction, refund, or savings is granted! If you would like to start the process and let CAPTA begin their investigation to determine the feasibility of receiving a reduction in your assessed value please call us immediately at 888-678-9TAX . But time is critical; deadlines vary by County.
Land Values Continue to Fall
Japan vs USA
If you are a land owner, particularly a developer and the holder of inventory please do not be mad at the chart we have provided to the right. We are in no way predicting a “Japan style” real estate meltdown. Our only intention is to draw your attention to the urgent need you and every other vacant land owner regardless of the county, for property tax valuation reduction.
No one disputes the vacant land, particularly residential and commercial development acreage has dropped substantially in value. The problem exists in trying to deal with the office of the assessor concerning the correct valuation. Let me give you a brief example:
In 2005 a client bought multiple parcels of residential development land along with some commercial for a total price of $24 million in anticipation of the continuation of the residential development market. The parcels range in size from 10 acres to 640 acres. In 2008 he not only could not sell these properties for a reasonable amount, there were very few other sales other than foreclosures or deed in lieu of foreclosure properties.
In attempting to talk to the assessor’s office concerning these properties our position was simple. First, there were no comparables within the county so our search necessarily needed to go outside of the county where the property was located. The subject assessor’s office said no. Second, it was necessary to use the sum of the property as a unit of valuation and not the individual pieces. The subject assessor’s office said no again.
The valuation from the subject assessor’s office was to find small pieces of similar properties within the county and then figure dollars per acre and multiply that times the acreage of the subject. We fought this case and eventually obtained for our client a reduction to $16 million. Savings to this client in the 2008 year alone was over $90,000. We will continue to seek additional reductions on our client’s behalf as the market continues. When the values begin to a appreciate we will monitor for our client the assessor increases each year, filing appropriate appeals where necessary.
As you can see in this economy the fight to reduce property taxes must be on a level seldom achieved by our competitors. We have learned to think outside the box employing every available strategy allowed by law to reduce your property taxes. If you are looking for an aggressive leading edge company you have found it. Our fee and our contract? Click here to see them. Otherwise call us now, as the appeals deadline is rapidly approaching, at (909) 867-5000 or fill out the contact form here.
Sacramento County Assessor Office Report Card
Prices Trend Down
The chart to the left shows the dramatic fall in homes listed for sale. The fact that many who wish to sell cannot and so are hidden from the transactional analysis is seldom discussed. The fact of the matter is, the housing market is down and continues to fall, and the commercial market is in the process of following. If you own commercial property and don’t believe this to be true simply go to the top of this page and click one of the property types such as apartments and look at the chart produced by Massachusetts Institute of Technology (MIT). The numbers don’t lie.
As commercial property values fall it becomes increasingly important to protect the bottom line. We have many Sacramento County clients for whom we have saved hundredths of thousands of dollars. Each year we will continue to save them money if values continue to fall. We are the most aggressive Sacramento County property tax company and we fight to secure our clients the lowest possible value under the property tax law.
Sacramento County Property Tax Assessor
Many of our clients and Sacramento County property owners believe the County Assessor will automatically reduce values if warranted. In some cases this happens. But not often and not in a sufficient quantity. The Sacramento County Assessor has a big job to do and overall does it well. Nevertheless there are countless opportunities to see a reduction in assessed value that our clients wish to have in order to protect the bottom line of their company. For our residential property owners it’s much the same. Money saved and not paid to the county is money earned. The Associates at California Property Tax can help you in this endeavor. But first, let’s take a look at the Sacramento County Assessor’s office.
The California State Board of Equalization is mandated by law to audit the office of the county assessor throughout the state of California to assure compliance with the property tax laws. And Sacramento County, the most recent audit produced some interesting results. They are presented here in excerpts from the actual report which can be read in its entirety by clicking here. We wish to point out that in no way are we attempting to slander the assessor’s office. We merely wish to point out that they have the ability to make mistakes, mistakes that can cost you money. We are experts at finding and correcting those mistakes whether they are errors in judgment or factual errors. Let’s look at the report.
In the area of change in ownership, the assessor’s website provides inaccurate information
about transfers of base year value by persons over age 55, and the assessor adds the value of
improvement bonds to sales prices of real property without developing the evidence required
to support the addition.
• The assessor has not enrolled all new decks and patios as new construction at their full cash
value; and he does not obtain copies of building permits from Sacramento County’s
Environmental Health Division.
• The assessor’s California Land Conservation Act (CLCA) program has several shortcomings:
(1) the assessor has not enrolled significant areas of taxable vineyards and nonliving
improvements; (2) he does not use market-derived expense rates when valuing CLCA
property; (3) he improperly classifies irrigation wells as unrestricted improvements on CLCA
property; (4) has not consistently established base year values for trees or vines; (5) he does
not treat restricted CLCA property as a separate appraisal unit; and (6) he inappropriately
issues supplemental assessments on restricted land when there is a change in ownership.
• The assessor has not correctly identified and enrolled parcels of taxable government-owned
land and has not completed the valuation of taxable government-owned properties for the
current roll.
The assessor should revise his possessory interest (PI) procedures in several areas: (1) he
inappropriately reapraises month-to-month tenancies at the airports, marinas, and other
public property as annual changes in ownership; (2) he has not followed rule 21 when
assessing possessory interests created by written agreements with a stated term of possession;
(3) he does not review all private uses at the fairgrounds that may qualify as PIs; and (4) he
incorrectly assesses the possessory interests of a private concessionaire who provide banking
services at a state university.
• The assessor does not send the Right-of-Way Property Statement (Form BOE-571-RW) to
pipeline owners, and he does not maintain pipeline right-of-way assessment records in
accordance with section 401.8.
• The assessor does not correctly determine the appraisal unit for mineral properties as
required by rule 469.
The assessor accepts business property statements that are not BOE-prescribed forms or that
lack a proper signature, and he does not consistently apply the penalty for late filed
statements.
• The assessor does not consistently identify and correctly classify taxable personal property in
apartment complexes, personal property owned by one-way paging companies, or pollution
control equipment financed by state bonds, and does not use Assessors’ Handbook Section
581, Equipment Index and Percent Good Factors, as intended.
• The assessor does not review significant differences found in business property statements
filed by leasing companies.
• In the area of vessel assessments, the assessor does not add a sales tax component to the
suggested values in published vessel value guides, and accepts unsigned vessel property
statements.
• The assessor’s manufactured home assessment program has several areas of weakness: (1) he
does not classify manufactured homes as personal property as required by section 5801; (2)
in one year, he enrolled escape assessments for a group of manufactured homes based on an
inappropriate edition of a published value guide; (3) he incorrectly issues supplemental
assessments for manufactured homes voluntarily converted to local property taxation; and
(4) he inappropriately adds sales tax to used manufactured home values derived from the
NADA appraisal guide when they are resold or voluntarily converted to local property
taxation.
• Some taxable animals have escaped assessment.
=============================End of Report==============================
To restate what we said earlier, we in no way want to have given the office of the assessor in Sacramento County. Overall they do a good job. But there are many, many properties that require constant attention. The Associates at California Property Tax have the time and attention to give to your property. We can ensure that the taxes you pay are the taxes you owe and not a penny more area. We work on a contingency basis, so we don’t get paid unless we perform. You can readily see our feet and our contract by clicking Our Fee. the deadline is coming in just a few short weeks. Contact us today.
Los Angeles County
The state of the real estate market in Los Angeles County relative to property tax assessments can be summed up in a very simple statement: property taxes are too high! If you want to appeal your property tax we can help. We are a property tax reduction company specializing in LA County property tax appeals.
Please choose your property type from the paragraphs below to read about your specific situation.
Residential
The chart above shows the year-to-year change in the median price of existing homes in Los Angeles County. The fact that property values have dramatically decreased is no surprise to anyone. What everyone wants to know is what will happen in the future.
Commercial
Our years in this business, especially in the decade of the 1990’s have taught us that as the residential property tax values go, so goes the commercial. We believe the LA County commercial property market as it relates to property taxes has begun a market correction that will follow residential values.
The degree of the decline is yet to be known by we are convinced it will be substantial. Already we are finding substantial reductions in our commercial property client portfolios. Multimillion dollar assessment reductions like we obtained on a commercial property in central California from $37 million to $15 million are a bit surprising even to us, but possible. Why? Because the state of the market is in turmoil. Look at the chart to the right.
This is a Moody’s chart of commercial property overall in the United States but you get the picture. Beginning in mid-2007 commercial markets began to see reaction to the residential fallout. That reaction has been swift and decisive. Money is harder to get for refinances as well as new purchases and new developments.
Meanwhile Los Angeles County property taxes continue to rise as though nothing were happening with commercial property tax assessments. The LA County Assessor’s office has been very slow to react. You, the commercial property owner, need help. All commercial property owners in Los Angeles County need to preserve their capital, and protect their bottom line. California property tax Associates (CAPTA) can help. We are the experts.
CAPTA Associates have been helping California property owners and specifically, Los Angeles County commercial property owners to reduce their assessments for over 20 years. We have fought aggressively to ensure that our clients pay only their fair share by utilizing every assessment reduction strategy allowed by law. We work entirely on a contingency basis. That means if you don’t save money, we don’t get paid. You never pay anything until you receive proof of a property tax savings, credit or refund.
Right now you have two choices. Do nothing and lose, or let us fight for you and win. In our reduction we cited above our client saves $240,000 each year. That is bottom-line profit otherwise lost to the state of California. Can you afford to lose that kind of money?
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You may call us now at (909) 867-5000 or simply fill out the form below and we will contact you directly.
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