Facts: The out-of-state client acquired a large multi-family apartment complex in 2016. After the sale, the School Board filed an increase complaint based on the recorded deed.
Issue: The client faced a revised tax bill seeking an additional $500,000 in real estate taxes based on the “sale” price recorded with the county. The apartment property would never have been able to operate under the tax bill that would have been sent if the School Board “won.”
Why Hire Steve Nowak Law, LLC: Our review found the client purchased significant non-real estate items in the total sale price. An unsigned and erroneous conveyance fee form was filed with the county.
Result: We successfully reached a settlement with the School Board after the Montgomery County Board of Revision hearing. The settlement allowed the client to plan for the next fiscal year and set at a reasonable valuation of its property.