The property owner owns an apartment complex in Brazoria County. The Appraisal District previously valued the complex at $2,091,420; they proposed a new valuation at $3,524,820. CTN filed an appeal after performing an analysis. Our valuation determined a recommended value based on the income value at $2,615,000 and an unequal appraisal value of $2,260,000. Thru some tough negotiation, we agreed on a value of $2,320,450. This was a reduction of $1,204,370 in valuation for the subject property.
Results: Tax Savings $44,515
Time our client lost: 0