Selected VAB Results
Rental apartments
...
the key was to separate the sales of
condo conversions, and rely on rental sales and market revenue.
Functionally obsolete warehouse ...
reduced based upon comparable sales and effect of the functional problem
in a potential arms length transaction.
Notice of condemnation ... before the
assessment date. Reduction was based upon the effect of the taking on marketability.
Agricultural exemption
... CPS
appeal led to "staff recommendation" on most of parcel. Petition
filed on value lowered property taxes on the rest.
Sale-leasebacks ... a
portfolio of properties reduced in various counties through settlements
and appeals.
Tangible property ... conveyors, computerized equipment, printing, warehouse machinery, bottling plant assembly lines,
ghost assets.
Classifications ... trailer parks, car dealerships, office
buildings, shopping centers, hotels, development sites, time
shares, luxury residences.
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