We filed an appeal and had the error corrected for the present year and three prior tax years, obtaining a refund of nearly $40,000 for our client.
Saving $4.4M in Property Taxes for Movie Theaters
February 12, 2025
Corrected Error Garners $40,000 Refund
Executive Summary
PVS provided a fresh look at the appraised value for an assisted living facility in Wichita, Kansas.
PVS filed an appeal and had the error corrected for the present year and four prior tax years,
obtaining a refund of nearly $40,000 for our client.
Challenges
After a thorough review of the county’s appraisal details, our real estate team caught a glaring error in the tax assessor’s records that caused years of over-assessment and inflated property
taxes. The county tax assessor had listed over 100 “units” of a gazebo on the property but had
erroneously recorded the units as the “number of gazebos” rather than the gazebo’s square footage. This clerical error led to an overvaluation of almost $600,000 in market value, approximately $10,000/year in property taxes.
How PVS Helped
PVS prepared an analysis of taxable value, explained position for tax reduction and explored and pursued all reasonable beliefs in this process. PVS filed an appeal and had the error corrected for the present year and four prior tax years, obtaining a refund of nearly $40,000 for our client.
Results
PVS was able to secure over $40,000 in savings for the client.
