Case Study
In representation of a major grocery store chain, Wilson & Franco, LLC delivered $18.4 million in property tax savings over the last decade.
Issue
Wilson & Franco was hired to represent the primary tenant of a recently constructed discount warehouse. The owner’s agent agreed to the original noticed value through an informal agreement. The appraisal district attempted to prohibit and dismiss Wilson & Franco’s scheduled hearing.
Case Position
Rather than accepting the original decision and settlement, Wilson & Franco was able to void the previously executed informal settlement agreement as it did not comply with Property Tax Code guidelines. Wilson & Franco presented an aggressive case position for a substantially lower valuation than the notice value originally established by the appraisal district.
Results
Wilson & Franco achieved a 35% reduction in taxable value ($18.9 million) for the property owner. The reduction resulted in a tax savings of approximately $518,000.
$18.9 Million
decrease in value reduction
$518,000
tax savings