Our client engaged Shannon & Snyder to reduce the assessed value of their 87,000 square foot light manufacturing building in Fremont.
With a 2012 assessed value of $13,100,000, the assessor put on a case to the Appeals Board at $9,500,000.
Shannon & Snyder put on its case for an assessed value of $5,100,000 (roughly a $4 million reduction over the assessor’s valuation) – and we crushed it.
The board agreed to reduce the value to $5,500,000, a 58% decrease.
We also put on our case for 2013 and the board liked it so much that they set the value at $5,600,000.