High-Rise Bank Office Tax Reduction in New Haven, CT
- Property Type: High-Rise Bank Office
- Location: New Haven, Connecticut
- Original Assessment: $29,254,610
- Revised Assessment: $20,500,000
- Reduction Percentage: 29%
Our firm represented a high-rise bank office headquarters in New Haven, CT, securing a reduction from $29,254,610 to $20,500,000. Financial institution properties often involve complex valuation considerations, including lease structures and long-term occupancy. By carefully analyzing these factors, we demonstrated that the initial assessment overstated the property’s value. The resulting $8+ million reduction provided substantial financial benefit and long-term tax savings for the client.
