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Client profile

Casino offering machine operated games, table games, as well as food and beverages to its customers.

Challenge

Using the asset listing to identify items that were assessed on incorrect tables or should not be reported and assessed at all, as well as identification of potentially exempt property.

Results

Altus Group filed an appeal on the property and was able to settle with the jurisdiction on reclassified assets, newly exempt assets, and a value reduction based on fair market value. This resulted in $275,000 in tax savings for the year under appeal and an additional $350,000 in future years for the client.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

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