Case Study #4

SAVED: $16.70 / RSF

Property Tax Gross Up

Audit Findings

• Florida building under construction in ‘98 and 1st half of ‘99.
• FL Tax assessments established January 1st of each year.
• Landlord’s “Base Year” tax expenses based upon building that was under construction: Land value only;
• Landlord grossed up vast majority of base year expenses properly – but overlooked taxes

Savings - $130K Immediate Savings / $270K Total

• $270K saved through audit on base year taxes alone
• Equivalent to $16.70 / RSF