Results at a Glance
- Over $380 million reduction in assessed value, lowering the assessment by over 30%
- Improved alignment between assessed value and market conditions
- Reduced current and future property tax exposure
- Strategic guidance supported long-term property tax management and compliance
Client
A leading global developer, owner, and operator of hyperscale data centers engaged DMA after receiving a significant real property assessment on one of its facilities. With a growing portfolio of complex assets spanning multiple jurisdictions, the organization sought a trusted advisor to help manage property tax exposure and support long-term valuation strategy.
Challenge
Given the size of the assessment and its potential long-term impact on tax liability, the organization wanted to determine whether the assessed value accurately reflected market conditions and the property’s true taxable value. The client needed a trusted advisor to evaluate appeal opportunities, provide valuation support, and help manage overall property tax exposure.
Solution
DMA conducted a comprehensive review of the property’s assessment, valuation methodology, and overall property tax position to identify potential areas of overassessment. Leveraging our extensive valuation expertise and property tax experience, DMA analyzed the assumptions supporting the assessment and developed a well-supported case for a more accurate and equitable valuation, including:
- Review of the property’s assessment and valuation methodology
- Identification of potential areas of overassessment
- Support for a more equitable valuation
- Collaboration with the assessing jurisdiction throughout the appeal process
- Strategic guidance to help manage future property tax exposure
Result
DMA successfully demonstrated a more supportable value for the property, resulting in a substantial reduction in assessed value and significantly reducing the client’s property tax exposure:
- Successfully reduced the assessment from over $1.2 billion to $845 million. Lowered current and future property tax exposure
- Established a stronger foundation for future assessments
Why DMA?
The client sought more than a traditional appeal consultant. DMA combined valuation expertise, responsive service, and a strategic approach to property tax management to deliver meaningful savings while helping the client proactively manage future property tax obligations. By maintaining a collaborative relationship with the assessing jurisdiction and providing guidance beyond the immediate appeal, DMA became a trusted long-term advisor for the client’s property tax needs.
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