Assessment reductions by either the Assessor, Board of Review or Supreme Court (tax certiorari), depending upon how soon achieved, results in a tax savings going forward or a tax refund if the taxes already have been paid. This is becauses taxes are a function of the assessment, i.e, the lower the assessment, the lower the taxes, and vice versa. In condemnation, we aim to achieve fair compensation for our clients. In both types of cases, McCarthy Fingar's usual retainer with our client is result-oriented: our fee is contingent upon success. McCarthy Fingar usually follows the contingent fee tradition in these type of cases, charging a percentage of the recovery or a percentage of tax saving, when in an assessment reduction proceeding, we attain a reduction before taxes are imposed upon the assessment at issue. Without a recovery, the client usually pays nothing except for court fees and an appraisal when required. |
