One of the single largest items on your P&L statement is Real Estate Taxes. Through Corporate USA’s appeal process, we have provided our clients with substantial reductions in their tax exposure. The process has greatly improved their cash flow and increased their asset value.
For a newer client, the Dallas Communications Complex, Irving, TX, we decreased their tax exposure by $100,000 in 2009, and another $100,000 in 2010. The process has increased their cash flow by $200,000 as a result.
At One Mockingbird Plaza, located in Dallas, TX, real estate tax exposures has steady decreased over the last five years (as shown below). A reduction of over $90,000 in real estate taxes
History Tax Amount Reduction Assessment
2010 $ 163,498 13% $6,055,290
2009 $ 175,541 22.10% $7,000,000
2008 $ 225,351 9.73% $8,978,153
2007 $ 249,637 2.78% $9,945,734
2006 $ 256,774 11.22% $10,230,054