$929,500
Property Tax
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Case Details
MPT brought appeal in Superior Court of DeKalb County Challenging County's value of $59,417,312 on a 625 unit apartment complex in DeKalb County. Ultimately won the appeal with new value of $43,125,000 being entered by court order. Additionally, Court required DeKalb County Tax Assessor to pay all of the taxpayer's attorney's fees and expenses. This reduction in value generated a tax savings of approximately $929,500 during the three years this value was locked in on the property.
Additional Notes
Property tax reduction for a 625-unit apartment complex in DeKalb County, including recovery of attorney's fees. Case Reference: Wesley Kensington Partners, LLC v. Dekalb County Tax Assessors, Case No. 18CV6788-6.