Discounted Cash Flow Model Results in 31% Reduction of Value

Western United States Regional Bank

A regional bank in the Western U.S. engaged INTAX to review the assessment associated with a large housing development in Ogden, Utah. We utilized a discounted cash flow model, incorporating the established absorption rate of lot sales. Our efforts before the County Board resulted in a reduction of $5,440,000 (31%) from the noticed value. The resulting real property tax savings exceeded $78,000.