Advance Investments Group specializes in property tax reduction.
We provide re-assessment services for owners of all types of real estate.
Whether it is a house, an apartment building, a commercial building or land.
If your property has “declined in value” due to market conditions,
we can appeal your current assessed value which may result in lower property taxes.
Advance Investments Group can handle all aspects of your case from application to hearing.
There are NO upfront fees. There are no costs to retain our services unless we achieve results.
Our fees are entirely contingent upon our success in reducing your property tax assessment.
If the appeal does not result in a tax savings, you don’t pay.
Contact us for a free evaluation of your property.
The Tax Appeal Process is your legal right to protect you from undue or unfair taxation,
and provides a process for an applicant to present their case before a taxing authority.
Advance Investments Group will act as your agent and represent you in presenting the case that your property has “declined in value” as of the Tax Lien date of January 1, 2014
and should be re-assessed accordingly.
The Appeals Application period is July 1, 2014 through November 31, 2014 and Board Hearings are scheduled in the order the applications are received, starting in 2015. The annual deadlines for the applications are strict; and once they are missed there is no recourse for excessive property taxes.
Our services are as follows:
- We prepare a detailed market analysis of your property’s current value and provide an estimate of your potential tax savings. This is initiated immediately upon receipt of your information.
- We compile a detailed market analysis of your property's present value on the Tax Lien Date. This ensures a data driven approach that is likely to be accepted. As each property is unique, we will customize our approach based on your circumstances.
- We submit the application for review of assessment and act as your agent when presenting your case before the county appraisers and the Assessment Appeals Board.
- We ensure that all deadlines are met.
If the appeal does not result in a tax savings, you don’t pay. There are no costs to retain our services unless we achieve results. You don't pay if you don't save.
If the appeal is successful and your property assessed value is lowered, the final fee will be 25% of your first year’s savings in property taxes.
Please click on the "Apply Now" tab and fill out the Property Evaluation form for a free evaluation to determine if your property qualifies for an appeal and potential tax savings.
Frequently Asked Questions
What do you charge? How much are your fees?
There are NO COSTS to retain our services unless we achieve RESULTS.
You don’t pay if you don’t save.
The entire process is free to you if your property tax is not lowered.
- We evaluate your property to see if you qualify for potential tax savings.
- We make an appeal to have your property value reduced according to market conditions.
- If your assessed value is reduced, then your property taxes will be lowered
Our final fee will be 25% of your first year’s savings in property taxes.
How long will the process take?
The first step is to determine if your property qualifies for a possible appeal.
Once we have your authorization and agreement, we will apply for an appeal right away.
The appeals process may take six months to one year.
What information will you need to get started?
We will send you a property information sheet which will ask for the details of the property.
(i.e. increased vacancy or rent reductions)
- Property Address
- Date of Purchase
- Amount of Purchase
- Any major changes since purchase date due to economy?
We will also send you an Agent Authorization Form and a Fee Agreement.
I just received my property tax bill for 2014 – 2015, what should I do?
Your property tax bill covers the period July 1, 2014 through June 30, 2015.
You should pay the property tax bills on time to avoid any penalties.
When Advance Investments Group successfully reduces your assessment, you will be entitled to a refund based on the reduced assessment, provided that you have no outstanding charges.
If all taxes are paid current, the Auditor-Controller will issue a refund for overpayment of taxes
for the tax year appealed.
Do I (Property Owner) need to attend the Hearing?
No, Advance Investments Group will represent you at the hearing.
Can I appeal the taxes that I paid for the last three years in 2011, 2012 and 2013? The market was
already declining back then.
The Assessment appeals process has strict time limits. The current application period is for
the 2014 – 2015 tax year only (July 1, 2014 through June 30, 2015)
as of the Lien date of January 1, 2014.
I got another mailer that said that they can reduce my property taxes for $200.00 or less.
Many of our clients have received those solicitations as well. That process is for the filing a “request for assessment review” through the County Assessor’s Office and this is a free service.
In the Request for Review, you are simply requesting that the County Assessor reviews your assessment. This is a passive method and in most cases, the result is little or no adjustment in the assessment.
In the Appeals Process, we take an active approach to reduce the assessment by researching and providing data to the Assessment Appeals Board to obtain the highest assessment reduction possible. Advance Investments Group handles the entire process from beginning to end.
What is the process of reducing my property taxes and how does it work?
California Property Tax System is based on Prop. 13, wherein properties are assessed based on
the “Purchase Price” of the property, and adjusted annually (generally 2% increase) by the Assessor’s Office.
In the past, property values increase much more than the 2% annually. However, in recent times
property values have decreased, and many Property Owners are assessed taxes unfairly.
Prop. 8 allows the County Assessors to adjust property assessments to the current market value.
Further there is an Assessment Appeals Process that allows property owners to present data
for a reduction in assessment.
The steps for an Assessment Appeal are as follows:
(as of the Lien Date – January 1, 2014) and potential savings
- Advance Investments Group performs an evaluation to determine an appropriate appeals value
- Execute Agent Authorization and Fee Agreement
- Advance Investments Group files an Appeals Application with the Assessment Appeals Board (AAB)
- AAB schedules a hearing wherein Advance Investments Group will present data to justify the reduction in assessment, and the County Assessor Appraiser will also present their data
In general, hearings will be scheduled in 2015 based on when the appeals application is received – first come first served.
Advance Investments Group will obtain the results at the conclusion of the hearing.