Attorney Draskovic Obtains Favorable Decision in Tax Assessment Appeal Saving Over $240,000 for the Property Owner

Attorney Draskovic recently achieved a highly favorable outcome in a tax assessment appeal, securing a $6,077,744 reduction in the assessed value of a property initially valued at $10,783,844. This reduction translates into an annual tax savings of over $240,000 for the property owner.

The property was a five-story, 145-unit affordable housing facility situated on a 3.45-acre parcel of land within the city limits. Through the presentation of a detailed expert report and testimony,  Attorney Draskovic successfully demonstrated that the original valuation did not accurately reflect the property’s fair market value, leading to the substantial correction.

This outcome underscores the importance of securing and presenting compelling expert evidence to ensure fair and proper property valuations for owners, particularly those providing essential housing within their communities.