Saving $26.7K for a Texas Retail Shopping Center Through Income Analysis

Executive Summary

PVS’s thorough market analysis of comparable lease rates and property valuations enabled us to demonstrate inequitable assessment practices, resulting in a 20.52% reduction and saving our client $26,661 in their first year of representation.

Challenges

The county was using an income approach to value and had recent market sales that supported their current assessment.

How PVS Helped

We were able to demonstrate through recently signed leases and asking rents in the area that the current rental rate was lower than what the county was using in their model. We were also able to demonstrate that our current value was not equitable with similar type properties in the immediate area.