Proven Success

ARE Solutions has represented owners in 29 different counties in both Florida and Georgia with an excellent track record achieving more than 325 assessment reductions totaling over $50 million and counting in only 6+ years. We have represented businesses and homeowners with properties that are large and small. Additional information is available upon request.

Case Studies | Property Tax Savings

Property Tax Consulting Firm - Florida & GeorgiaTax Year: 2015
Location: Overseas Highway Marathon
Property Type: Hotel/Resort
Original Assessment: $8,399,186
Revised Assessment: $6,574,556
Assessment Savings: $1,824,630
(21.7% reduction)
Heated Sq Ft: Multiple Components
Lot Size: 250,470
Year Built: 1968 and 1972
Zoning: Commercial

This resort in Marathon consists of four 4 story buildings totaling 124 units, eight individual villas with a total of 25 units, a resort building with a full service restaurant, and a 54 slip marina. The property is unique in that it has multiple components, is in need of major renovations, and it also sold in December of 2013. The sale was a bank sale that was on the market for some time. The 2013 sale price was for well below the 2015 assessment. The fact that their was a subject sale for substantially less than the property appraiser proposed 2015 assessment, coupled with the repairs needed on the resort attributed to a 21.7% reduction in the property appraiser market value facilitated by ARE Solutions.

Property Tax Consultant FloridaTax Year: 2014
Location: Norwood Ave Jacksonville
Property Type: Flea Market
Original Assessment: $2,179,400
Revised Assessment: $1,729,100
Assessment Savings: $450,300
(20.6% reduction)
Heated Sq Ft: 101,392
Lot Size: 410,308
Year Built: 1969
Zoning: CCG-1

The high vacancy and large footprint make this property stand out in the Jacksonville Market. ARE Solutions was able to facilitate a 24% reduction based on the vacancy and using the income approach, the revised value is well supported.

Florida Property Tax Case StudyTax Year: 2013
Location: Orange Avenue Orlando
Property Type: Medical Office
Original Assessment: $2,511,157
Revised Assessment: $1,565,041
Assessment Savings: $946,116
(37.7% reduction)
Heated Sq Ft: 19,191
Lot Size: 18,404
Year Built: 1996
Zoning: AC-2/T

This property tax appeal was unique because the entire 19,191 sq ft footprint was vacant as of January 1, 2013. Because of the discount for rent loss, the property is worth significantly less than the 2013 assessed value that the property appraiser had originally set for the property.

Property Tax Consultant
Tax Year: 2012
Location: Fruitville Road Sarasota
Property Type: Office
Original Assessment: $10,305,100
Revised Assessment: $9,280,000
Assessment Savings: $1,025,100
(10.0% reduction)
Heated Sq Ft: 108,768
Lot Size: 343,833
Year Built: 1986
Zoning: ORD

The sheer size of this building at over 100,000 sq ft, and its strategic location close to Downtown Sarasota make this property unique. Because of the recession, recent leases in this property were reduced to keep the building occupied. ARE Solutions provided the property appraiser with a detailed evidence package supporting an assessment reduction, and as a result, the assessed value was lowered 10%.