Client
A Maryland-based pharmaceutical manufacturing facility totaling approximately 130,000 square feet.
Challenge
During a triennial reassessment, the property received a $4 million increase in assessed value. While the valuation suggested growth, it did not reflect the facility’s actual market conditions.
The property was experiencing both economic obsolescence and functional inutility, significantly impacting value. The challenge was not only identifying these factors, but clearly quantifying and substantiating them in a way that would withstand scrutiny from the assessor and appeal board.
Solution
DMA developed a targeted appeal strategy to clearly demonstrate the gap between the assessed value and the property’s true market position. The team quantified the impact of economic obsolescence and identified areas of functional inutility within the facility, translating these factors into a defensible valuation supported by detailed analysis.
Throughout the process, DMA worked directly with the assessor to advocate for a revised value and ultimately presented a compelling case before the Property Tax Assessment Appeals Board (PTAAB).
Result
DMA mitigated the $4 million increase and also secured a reduction that brought the assessed value well below the previous triennial cycle. The outcome generated approximately $530,000 in tax savings and realigned the property’s valuation with its actual economic condition, creating a more sustainable tax position going forward.
Why DMA
DMA brings together deep valuation expertise and a strategic, outcome-focused approach to appeals.
In this case, our team translated complex obsolescence factors into a clear, defensible narrative that resonated with decision makers. By combining technical rigor with proactive advocacy, we helped the client achieve a meaningful reduction and a more accurate assessment.
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