At ARB, this DFW apartment saw its 11% proposed increase cut to less than 3.5%, a taxable value substantially less than it would fetch at market. With the valuation below $57,000 per unit, the owner would have gladly accepted the ARB value; however, our equity data suggested there was more to recover.
Since our approach carried no upfront out of pocket costs to consider, the owner was happy to let us appeal and keep pushing for more. As a result, within three months a settlement was reached. The agreed value was equal to that of 2016’s settlement, holding the value level year-over-year.