Class A Office

RICHARDSON, TEXAS

Original Assessed Value $27,243,475
Review Board Value $22,800,000
Tax Savings $107,000

 

Although the property is located in an active submarket which frequently achieves Class A rents, we were able to identify excess tenant improvement concessions and adjust the effective rent used in the Assessor’s valuation. The case is currently pending a District Court determination with a potential tax savings of over $100,000.