Coakley Realty Announces Dynamic Results of Major Real Estate Tax Appeals
One of the area’s leading residential and commercial real estate firm’s shares three recent local tax appeal case studies including an industrial warehouse, car dealership and office building
ROCKVILLE, MD — January 5, 2022 – Rory S. Coakley Realty, Inc. (Coakley Realty), a premier full service residential and commercial real estate company in the Washington D.C. metropolitan area serving Maryland, Virginia and Washington D.C., announces the dynamic results of three recent local tax appeal cases. These outcomes highlight the difference in utilizing highly experienced real estate professionals with tax appeal success when appealing a property tax assessment.
“Market and property conditions can vary drastically since the last reassessment,” said Joe McLeod, Tax Appeal Specialist at Coakley Realty. “This can lead to assessment errors, providing us the opportunity to dispute the assessed property value. The pandemic and COVID-19 has exacerbated this issue causing drastic assessment inaccuracies across the board.”
For over 30 years, the highly experienced real estate professionals on the Coakley Realty team have been reviewing real estate tax assessments and giving educated and knowledgeable recommendations based on each situation as to whether or not a real estate tax appeal would be the right choice. As local real estate brokers, owners, managers and appraisers, the Coakley Realty team is knowledgeable about the region because they work and live here in addition to having access to data that may not be accessible for national tax appeal companies or law firms.
The Coakley Realty team continues to process hundreds of millions of dollars’ worth of real estate tax appeals. Their success with real estate tax appeals is evident through the tremendous number of retained clients and the strong referral base built from satisfied clients.
Three recent local examples of Coakley Realty’s results with tax appeals include the following:
- Industrial Warehouse: Coakley Realty successfully reduced a local industrial warehouse tax assessment by over 30%, saving the property owner $150,000 over the triennial tax cycle. This was a six-million-dollar reduction over the original proposed assessment with future appeals still pending.
- Car Dealership: After two levels of appeals, Coakley Realty succeeded in saving a car dealership owner $90,000 in taxes over the three-year tax cycle. This was a 20% or nearly four-million-dollar reduction off the original proposed assessment.
- Office Building: Coakley Realty has led an appeal for a large commercial office building with a 32% reduction, so far resulting in saving the owner $200,000 over the triennial tax cycle with further appeals still pending.
“At Coakley Realty, we fight for our clients until they receive the fair and affordable tax assessments they deserve,” said Rory S. Coakley, President of Coakley Realty. “For more than 30 years we have been performing real estate tax appeals and are dedicated to providing professional and ethical real estate services to each client. After determining if an appeal is in their best interest, we know what it takes to save them maximum tax dollars.”
As a part of their service, before filing any real estate tax appeals, Coakley Realty provides a complimentary consultation to accurately review the real estate tax assessment. To learn more about Coakley Realty’s real estate tax appeals, please visit: https://www.coakleyrealty.com/tax-services/appeals/ or view our latest capabilities video here: https://youtu.be/-gcal33r0Zw.
About Coakley Realty
Founded in 1989, Coakley Realty is a premier full service residential and commercial real estate company in the Washington D.C. metropolitan area specializing in residential and commercial real estate sales and leasing, property management, tax appeals, appraisals, and litigation support. Coakley Realty’s staff of experienced and knowledgeable real estate consultants offers home buyers, home sellers and business owners the best in real estate services and higher levels of analysis and negotiating skills. For more information, please visit www.coakleyrealty.com.back to Media Page