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Challenge

Altus Group represented a client who had purchased an acute care hospital. The appeal and litigation covered two years. Total transaction price exceeded $175 million.

Results

We were able to provide the assessor with convincing market data that the property’s value, for both years combined, should be reduced by over $90 million. This resulted in a 28.4% reduction in the assessed value and generated a refund exceeding $2.0 million for our client.

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