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National Retail Company Fends Off Attempt to Increase Market Value of its Warehouse

Welcome back to the Hoegen and Associates, P.C. Blog! Today we have a court case dealing with tax assessment appeals.

The court heard the case of NBTY PAH, LLC vs. Luzerne County Board of Assessment Appeals, Luzerne County, Hazleton Area School District and Hazle Township. Hoegen and Associates, P.C, successfully represented NBTY PAH, LLC and helped them to fend off attempts made to increase the market value of its warehouse.

In a tax assessment, Luzerne County Board of Assessment Appeals, Luzerne County, Hazleton Area School District and Hazle Township sought to increase the market value of property owned by NBTY located in Hazle Township, Luzerne County. The opinion value of the School District's appraiser, which sought to increase the value to over $21 million, was defeated in a tax assessment appeal filed by NBTY PAH, LLC. After a three day trial, the trial court agreed with the testimonies put forth by Hoegen and Associates and decided in favor of NBTY PAH, LLC. The trial court reduced the market value of the property to $13 million, which was below the value previously set by the Luzerne County Assessor's Office.

Want to know more? You can read the opinion of the court, please read the PDF of the NBTY PAH, LLC Case.

You can also read more on our website about Hoegen and Associates, P.C.'s work with Real Estate Tax Assessment Appeals and other areas of work! Just click "Practice Areas" on our homepage to learn more about what we can do to help you.

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