The Process Works: 27% Increase Reduced to 6%, Then Less Than 1%
The Bottom Line
Why choose a turn-key, comprehensive approach like Pinnacle, built on the ability to exhaust every avenue for relief? Because a strategy that requires midstream cost/benefit decisions and multiple rounds of capital investment can undermine decision-making and warp an owner’s perspective of what constitutes a good deal.
“Pinnacle consistently provides tax savings that would have never been recovered using a more traditional approach.”
NOI is at its highest when property taxes are at their lowest – period. By eliminating midstream cost/benefit decisions, Pinnacle consistently provides tax savings that would have never been recovered using a more traditional approach.
Jonathan Gilstrap, Pinnacle Property Group
The Values
| Prior Year Value: | $46,250,000 |
|---|---|
| Initial Value: | $58,507,396 |
| ARB Value: | $49,134,000 |
| Final Value | $46,700,000 |
The Client
Cortland Partners is a multifamily acquisitions, renovation and development company with properties in 10 states. Cortland’s collective experience stretches beyond 85,000 living spaces and $8 billion in real estate activity.
The Results
The reduction obtained at ARB was the result of a Market Value analysis based on market rent, occupancy, and cap rate review, coupled with an Equal & Uniform analysis based on the tax assessment of comparable properties.
On appeal in district court, the evidence did not magically improve; instead, this further reduction was the direct result of the process Pinnacle applies across its portfolio.
Learn how you could save thousands — or even millions of dollars each year.
Recent Successes
Property Tax Consulting
Industrial
$49,060 saved
Retail
$28,630 saved
Multi-Family
$82,240 saved
Office
$118,700 saved
Land
$71,510 saved
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Client Successes
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