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Case Studies

Date Entered: 02/28/2007
Subject: Property Tax Case Study - Serving Pepsi
Attachment: 14.pdf (Original file name: TDP Case Study-Pepsi.pdf)
Comment: The Provincial Assessor bullied this bottling plant; so we saved them $39,000 per year! Upset by their Realty Assessment, Crystal Beverages sought relief by utilising the appeal process. The provincial assessment authority, the Orwellian named Geographic Information Corporation (now Service New Brunswick), promptly increased the property assessment from $2,407,000 to $2,846,000, presumably to teach them a lesson. This would have increased their property taxes by a further $20,000 per year. Our Property Tax Division took the matter to court. The Appeal Board not only rolled back the increase, they also reduced the existing assessment, so our client received further tax savings of $39,000 per year. To learn more, click on the attachment and view this PDF document using an Acrobat Reader Plug-in (available as a free download from the Adobe Web Site, www.adobe.com). Case Studies is a free service provided by Turner Drake & Partners Ltd. to decision makers with property portfolios in Canada. In order to assist clients better understand how they can utilise our services to improve their bottom line, we have provided information on actual assignments conducted by our various Divisions. Case Studies are archived on the public area of our web site at www.turnerdrake.com/newsresearch/casestudies.asp. You can unsubscribe at anytime by hitting “reply”, typing “unsubscribe” followed by your name and e-mail address, and hitting “send”.