{"id":22482,"date":"2018-08-16T14:59:16","date_gmt":"2018-08-16T18:59:16","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=22482"},"modified":"2018-08-16T14:59:16","modified_gmt":"2018-08-16T18:59:16","slug":"apple-disputing-real-estate-assessments","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2018\/08\/16\/apple-disputing-real-estate-assessments\/","title":{"rendered":"Apple Disputing Real Estate Assessments"},"content":{"rendered":"<p><a href=\"https:\/\/www.sfchronicle.com\/business\/article\/Want-a-lower-tax-bill-So-do-Apple-and-Genentech-13148121.php\">Catherine Ho<\/a> (via <a href=\"https:\/\/twitter.com\/RMac18\/status\/1029242529588248576\">Ryan Mac<\/a>):<\/p>\n<blockquote cite=\"https:\/\/www.sfchronicle.com\/business\/article\/Want-a-lower-tax-bill-So-do-Apple-and-Genentech-13148121.php\"><p>In the Bay Area, Genentech and Apple are particularly aggressive in opposing tax assessors &mdash; elected officials who determine the value of property for tax purposes. Both companies are leading years-long efforts to recoup tens of millions of dollars they say they&rsquo;ve overpaid in taxes on buildings, land, lab equipment, computers and other items.<\/p><p>[&#8230;]<\/p>\n<p>There is nothing illegal or unethical about appealing assessments. Companies are entitled to contest property assessments they believe are done improperly or inaccurately. But the tactics taken by Genentech, Apple and other large corporations, county assessors say, border on abusing the system.<\/p><p>[&#8230;]<\/p>\n<p>Some claims reflect extreme differences in estimated values. In one appeal filed in 2015, Apple said that a cluster of properties in and around Apple Park in Cupertino that the assessor valued at $1 billion was worth just $200. In another, property that the assessor valued at $384 million was, in Apple&rsquo;s view, worth $200, according to an appeal application.<\/p><\/blockquote>\n\n<p>Hopefully the story is more complicated than that, because that sounds absurd even if the buildings are empty.<\/p>\n\n<p>Previously: <a href=\"https:\/\/mjtsai.com\/blog\/2017\/11\/09\/the-paradise-papers\/\">The Paradise Papers<\/a>, <a href=\"https:\/\/mjtsai.com\/blog\/2016\/08\/30\/apple-ireland-and-the-eu\/\">Apple, Ireland, and the EU<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Catherine Ho (via Ryan Mac): In the Bay Area, Genentech and Apple are particularly aggressive in opposing tax assessors &mdash; elected officials who determine the value of property for tax purposes. Both companies are leading years-long efforts to recoup tens of millions of dollars they say they&rsquo;ve overpaid in taxes on buildings, land, lab equipment, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2018-08-16T18:59:18Z","apple_news_api_id":"34d2b165-514b-4c51-aef7-5440d063275c","apple_news_api_modified_at":"2018-08-16T18:59:20Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/ANNKxZVFLTFGu91RA0GMnXA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[],"tags":[38,1196],"class_list":["post-22482","post","type-post","status-publish","format-standard","hentry","tag-apple","tag-taxes"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/22482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/comments?post=22482"}],"version-history":[{"count":1,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/22482\/revisions"}],"predecessor-version":[{"id":22483,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/22482\/revisions\/22483"}],"wp:attachment":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/media?parent=22482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/categories?post=22482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/tags?post=22482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}