The Problem: Tax Appeal on existing used car sales lot & vehicle rental facility for six concurrent County tax years (2002-2006). Value premise based on the parcel’s existing use vs. highest & best use as vacant land.
The Solution: Ascribe market supported revenue allocations and expenditures to each operating component – auto, rental, parking, and surplus land based on the subject’s actual use as of each tax year.
The Result: Full award based on appraisal’s indicated assessment reductions
R.D. GERONIMO LTD.
158 Third Street
Mineola, New York 11501
Tel: (516) 294-8600
Fax: (516) 294-8804