Select Page

Client profile

Data center acquired for $11 million with subsequent improvements of $7 million.

Challenge

County assessed the real estate at $22 million for the year following the improvements.

Results

Cost approach analysis determined that appropriate breakdown of subsequent improvements was $4.5 million in equipment and $2.5 million in building improvements. Equipment investment was reclassified to personal property for tax purposes and real estate assessment was reduced from $12 million based on sales and assessments of comparable real estate.

Savings were $137,000, 150,000 and $165,000 for years 1, 2 and 3, respectively as a result of the reduced real estate assessment and the acceleration of depreciation for property tax purposes as a result of the reclassification of costs from real to personal property.

Connect with us

Want to learn more? Let us know what you're interested in and one of our team members will be in touch.

Last updated on July 29th, 2019 at 04:40 pm

close
close
close
forumContact us
close
close

Thank you for contacting us. we will get back to you shortly!

This site uses cookies to improve your user experience. By using our website, you are agreeing to our use of cookies.
Click here for more information.