Press Release

Coakley Realty, Inc. Announces a Record Breaking 2016, Overseeing $80 Million Worth of Estate Tax Appeals and Reductions

One of the area’s leading real estate firms shares two recent local tax appeal case studies contributing to a record breaking, $80 million year in 2016

ROCKVILLE, MD — April 13, 2017 – Rory S. Coakley Realty, Inc. (Coakley Realty), a premier full service residential and commercial real estate company in the Washington D.C. metropolitan area serving Maryland, Virginia and Washington D.C., announces today a record breaking 2016, with $80M worth of real estate tax assessments reductions.

Two recent local examples of Coakley Realty’s success with tax appeals include the following:

• Retail Strip Center: After appealing just prior to tax court, Coakley Realty successfully reduced the assessment of a prime retail strip center, saving the owner $70,000 over a 2 year period.
• Industrial Warehouse: The Coakley Realty team led the appeal of a 150,000 sf warehouse located in Montgomery County. After all three levels of appeals were exhausted; the owner saved over $400,000 in tax dollars over a 3 year period.

Local tax assessment offices are often understaffed, which can lead to errors and/or omissions. Assessors often struggle to handle the thousands of properties they are required to assess. This can mean bad news for you; whether it is due to the assessor being unaware of specific conditions affecting a property or human error. In addition, there are numerous factors that can affect market value in a very short period of time. Assessments must be monitored by the appropriate professionals on an annual basis as market values can change quickly from year to year. When there are problems with your real estate tax assessments, its money out of your pocket.

Coakley Realty is the go-to-resource for saving real estate tax dollars and assuring you are only paying your fair share. They have local, boots-on-the-ground knowledge which provides an advantage over national tax appeal companies and law firms. Local real estate brokerage, asset management, property management, ownership and appraisal activities are the keys to the advantage of utilizing Coakley Realty.

Since 1989, the highly experienced real estate professionals on the Coakley Realty team have been reviewing real estate tax assessments and giving educated and knowledgeable advice based on each situation as to whether or not a real estate tax appeal would be the right choice. As local real estate brokers, owners, managers and appraisers, the Coakley Realty team is knowledgeable about the region because they work and live here in addition to having access to data that may not be accessible for national tax appeal companies or law firms.

“At Coakley Realty, we fight for our clients until they receive the fair tax assessments they deserve,” Rory Coakley, President of Coakley Realty stated. “To be able to set another milestone this past year speaks to our ability to truly navigate this process for our clients and ensure that our clients only pay their fair share of real estate tax.”

As a part of their service, before filing any real estate tax appeals, Coakley Realty provides a complimentary consultation to accurately review the real estate tax assessment. To learn more about Coakley Realty’s real estate tax appeals, please visit: https://www.coakleyrealty.com/tax-services/appeals/.

About Coakley Realty

Founded in 1989, Coakley Realty is a premier full service residential and commercial real estate company in the Washington D.C. metropolitan area specializing in residential and commercial real estate sales and leasing, property management, asset management, tax appeals, appraisals and litigation support. Coakley Realty’s staff of experienced and knowledgeable real estate consultants their clients the best in real estate services and higher levels of expertise in analysis and negotiating skills. For more information, please visit www.coakleyrealty.com or follow us on Twitter @coakleyrealty or www.twitter.com/coakleyrealty and on Facebook at www.facebook.com/coakleyrealty.