United States:
Tax Appeal Victory
03 June 2014
Fox Rothschild LLP
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We recently had a significant victory in a large tax appeal case
in Allegheny County, PA. The property included 2 office buildings
that were being transitioned from a single tenant to a multi-tenant
property. There were 2 years under appeal and, prior to our
challenge, the assessed fair market value was $49 million. Our
appraised values were $16.7 million and $21 million. The taxing
authority's appraised values were $20 million and $30.9
million. I attempted to settle the case, but the taxing authorities
were not interested in a reasonable resolution. It went to a full
hearing and the award was for our exact values. The taxing
authorities did not appeal the decision.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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