Healthcare CRE

PVS successfully corrected a double taxation issue, ensuring that the client only paid for the portion of the building assessed in Wake County. Our proactive appeal saved them $374,800 over the four-year assessment cycle.

The assessment was reduced by $1,808,000 through appeal, generating tax savings of $30,320 in one tax year on the brand new facility.

PVS worked to revalue the former hospital facility to achieve property tax savings for the client.

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.

PVS appealed and represented the taxpayer, resulting in removal of the $75M building assessment.

We appealed the 2020 and 2021 tax year valuations and successfully reduced the appraised value to $295M and $285M respectively, ultimately resulting in tax savings of over $1.25M.

The Appraisal Review board ruled in thetaxpayer’s favor and reduced the market value from $123M to $108M without litigation, saving the taxpayer $380,000in taxes.

During our review of the assessor’s records, we discovered the assessor was valuing a portion of the 2012 addition as built-out when it was shell space.