1. 2013 2014 2015
Original Value Revised Value Original Value Revised Value Original Value Revised Value
Property A 16,816,700 15,250,000 17,134,500 15,250,000
Property B 15,704,967 13,892,100 16,551,333 13,892,100 17,397,700 13,892,100
Property C 8,254,133 7,316,900 8,510,167 7,316,900 8,766,200 7,316,900
Property D 11,129,367 10,000,000 11,255,400 10,000,000
Total Reduction % Change Total Tax
(Over 3 Years) in Value in Value Tax Rate Savings
Property A 3,451,200 10% 1.32 45,556
Property B 7,977,700 16% 1.43 114,081
Property C 3,579,800 14% 1.43 51,191
Property D 2,384,767 11% 1.43 34,102
Total $ 17,393,467 13% $ 244,930
2015 MARYLAND TAX APPEALS (AS OF MAY 2015)
Property E 204 unit Tax Credit Property Located in Columbia, MD built in 2009
Property F 300 unit Market Rate Property Located in Columbia, MD built in 1970
2013 2014 2015
Original Value Revised Value Original Value Revised Value Original Value Revised Value
Property E 10,610,567 4,956,500 10,633,333 4,956,500 10,656,100 4,956,500
Property F 33,289,034 26,846,100 33,930,866 26,846,100 34,572,700 26,846,100
Total Reduction % Change Total Tax
Over 3 Years in Value in Value Tax Rate Savings
Property E 17,030,500 53% 0.37 62,672
Property F 21,254,300 21% 0.26 54,411
Total $ 38,284,800 29% $ 117,083
Case Studies
2014 MARYLAND TAX APPEALS
Property A 106 unit Senior Housing Property Located in Annapolis, MD built in 2002
Property B 260 unit Tax Credit Property Located in Riverdale, MD built in 1962
Property C 159 unit Tax Credit Property Located in Temple Hills, MD built in 1960
Property D 197 unit Market Rate Property Located in Capital Heights, MD, built in 1960s
2014 VIRGINIA TAX APPEALS
ALEXANDRIA BOARD OF EQUALIZATION HEARING OUTCOME
Property G 64 unit Tax Credit Property Located in the City of Alexandria built in 2000
Property H 44 unit Tax Credit Property Located in the City of Alexandria built in 1950s
Property I 41 unit Tax Credit Property Located in the City of Alexandria built in 1950s
Property J 34 unit Tax Credit Property Located in the City of Alexandria built in 1950s
2014 Tax Assessment 2014 Tax Assessment Change in % Tax Tax
Assessent Values Values After BOE Assessment Change Rate Savings
Property G $ 11,650,000 $ 11,100,000 $ 550,000 5% 1.043 $ 5,737
Property H $ 5,280,000 $ 5,020,000 $ 260,000 5% 1.043 $ 2,712
Property I $ 4,875,000 $ 4,272,000 $ 603,000 12% 1.043 $ 6,289
Property J $ 3,960,000 $ 3,460,000 $ 500,000 13% 1.043 $ 5,215
$ 25,765,000 $ 23,852,000 $ 1,913,000 7% $ 19,953