Bloom and Covington Save DeKalb County Commercial Property Owners Millions in Ad Valorem Taxes
Simon Bloom and Troy Covington successfully resolved a group of 19 ad valorem property tax appeals with the DeKalb County Tax Assessors over the course of late 2019 through the middle of 2020. The properties at issue in the tax appeals included apartment complexes, shopping centers, and office buildings located in DeKalb County appraised before appeal at a total value of over $567 million. The tax bills on the properties totaled almost $10 million prior to the appeals but were reduced to about $7.8 million after the appeals. Simon and Troy also were successful in achieving a two-year freeze on the negotiated property fair market valuations in the vast majority of these cases. The successful resolution of the appeals thus saved the clients collectively over $6.4 million in tax liability over a three-year period.