Case Study: South Texas Mall

⬤ 01. Challenges

Overcoming Prior Litigation in a Property Tax Appeal for a Distressed South Texas Mall

When tasked with handling a property tax appeal for a financially distressed South Texas mall under receivership, we faced several significant challenges. The property had ongoing litigation from the previous year, making it difficult to achieve a lower current year’s value than the previous year.

Additionally, working with the local assessor while the prior year’s litigation was unresolved posed additional obstacles.

⬤ 02. Approach

Employing a Strategic Approach with Target Goals and Relationship Building

To address the complex challenges presented by the property tax appeal, we developed a strategic approach. Setting a target goal of $44MM, we aimed to achieve substantial reductions in the property’s assessed value. Leveraging our established relationships with the assessor, we proactively pursued the settlement of the prior year’s litigation. This allowed us to create a favorable foundation for advocating an even lower value for the distressed mall.

⬤ 03. Solution

Securing a Successful Solution through Negotiation and Special Circumstances

Through skillful negotiation and effective utilization of the mall’s unique circumstances, we were able to secure a successful solution for our client. Collaborating closely with the local assessor, we presented a compelling case for a reduced value based on the property’s financial distress and the resolved prior year’s litigation. As a result, we achieved a remarkable settlement for the current year’s value at $32MM, surpassing our initial target goal. This victory provided our client with substantial tax savings exceeding $10MM.

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