Construction in Progress
Engaged by a major financial advisement and brokerage firm to review their portfolio, Pivotal discovered construction had commenced on a new office campus in the Denver, Colorado area. The assessor placed a value on the property as a completed project, while in fact, it had only been partially complete as of the corresponding lien date; a fact corroborated by pictures taken by the Pivotal team during a routine site visit. Pivotal’s evidence and knowledge of local statutes allowed for a successful argument of the incomplete status of the property, leading to reductions in the assessed value of over $83 million, and a total multi-year tax savings of over $3.2 million.
Understanding local taxation and putting our boots on the ground allows Pivotal to present compelling appeal cases leading to successful results for our clients.
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