As a business owner, you have a lot on your plate — and carving away time to protest your commercial property taxes means you’re unavailable to handle other aspects of the job. At Lane, we understand you need an effective, reliable team to take the time to build a case to reduce your commercial property taxes. With decades of experience, we’re here to help your business grow by reducing your tax bills.
The following case studies demonstrate our team’s ability to make a case for reduction in value for all property types. Read the testimonials from these satisfied clients who didn’t have to overpay their property taxes because Lane was on their side to unburden their business.
Client’s Challenge
Eric Hancock on the Lane team reached out to the client in 2016 to share how we could help reduce the property taxes on his multiple storage facilities and RV parks located throughout the Houston area.
PROPERTY DETAILS
Storage Facilities & RV Parks
2016
Notice Value:
$9,875,696
Final Value:
$8,400,000
Impact:
A decrease of 14.94% in taxable value.
2017
Notice Value:
$13,411,855
Final Value:
$9,500,000
Impact:
A decrease of 29.16% in taxable value.
2018
Notice Value:
$9,764,337
Final Value:
$9,600,000
Impact:
A decrease of 1.68% in taxable value.
2019
Notice Value:
$11,205,474
Final Value:
$9,764,337
Impact:
A decrease of 12.86% in taxable value.
Client’s Challenge
Our client is the owner of a large apartment complex in Jefferson County, Texas. His 2018 notice value had skyrocketed after the county misunderstood the loan amount for the sales price when determining value. The loan amount was notably greater than the sales price because the cost of future renovations was included; however, at the time of assessment, the said renovations had not been completed.
PROPERTY DETAILS
APARTMENT COMMUNITY
Notice Value:
$3,970,610
Final Value:
$2,726,390
Tax Savings:
$34,188.58
Impact:
A decrease of 31.34% in taxable value.
Client’s Challenge
Cavatore, a well-known Italian restaurant in the Houston Heights, received their 2018 notice value, which increased 22.5% from the previous year. After sustaining flood damage from Hurricane Harvey — in addition to the Memorial Day flood in 2015 and the Tax Day flood in 2016 — the Cavatore family wondered if they were going to have to close their doors. Their accounting firm, who also utilizes Lane’s services, recommended our team. The Cavatore family reached out to see how our experts could help.
PROPERTY DETAILS
RESTAURANT - HOUSTON HEIGHTS
Name:
Cavatore
Last Year’s Value:
$1,314,313
Notice Value:
$1,610,615
Final Value:
$990,395
Tax Savings:
$620,220
Impact:
A decrease of 38.5% in taxable value.
Client’s Challenge
Ken Zieren initially hired one of Houston’s largest tax consulting firms to protest his property taxes; yet after the initial hearing, they were unsuccessful at reducing his home’s value. Ken’s home had sustained major flood damage from Hurricane Harvey and thought that should have been effective evidence for reduction. Disappointed, Ken turned to his good friend Michael Lane. Although the Lane team typically focuses on commercial properties, Michael was happy to handle the case.
PROPERTY DETAILS
HOUSTON HOMESTEAD
Notice Value:
$565,250
Final Value after Initial Protest (with different firm):
$565,250
Final Value after after Arbitration (with Lane):
$425,250
Tax Savings:
$3,542.62
Impact:
A decrease of 25% in taxable value
