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Cushman & Wakefield | Citibank
Clean Environment
for Food Manufacturer
Texas Facilities
Initial Assessed Value:
$16,500,000
Final Value:
$12,200,000
Tax Savings:
$107,500
During a property inspection of a client’s manufacturing site, our
professionals were able to identify opportunities for lowering
assessed value of the company’s processing machinery and
equipment. Assets were segregated into long or short life
categories and additional obsolescence was quantified after
reviewing the actual production rates of the plant compared to
rated capacity. The analysis was presented to the assessor and
a value reduction was achieved in an informal hearing.