Case studies

Five deals, five different answers.

The examples below run real purchase prices through Rolling Basis’s reassessment-rules engine, the same logic behind the report tool, across five property types and four states. Two are live lookups against county records (the same two shown on the homepage); the other three are illustrative: a hypothetical purchase price run through the jurisdiction’s real, currently-coded reset rule, not a live parcel pull. Each card says which is which.

The point isn’t that every deal gets a discount. Sometimes the honest answer is that there’s nothing to carve out, or that the jurisdiction doesn’t reassess on sale at all. Both show up below too.

Warehouse / distribution · Miami-Dade County, FL

$12,000,000 purchase price

FF&E + business value carved out$0

Taxable real property (base)$12,000,000

Reassessed year-one tax$237,600

vs. seller’s in-place bill$200,098

Naive full-price reassessment$237,600 (identical)

Live lookup. Confidence: medium. County value on record, industrial default allocation (no going concern to strip out). Sources: Miami-Dade County Property Appraiser parcel record; Fla. Const. art. VII §4 (non-homestead cap removal on sale).

Select-service hotel · Alameda County, CA

$18,400,000 purchase price

FF&E + business value carved out$4,968,000

Taxable real property (base)$13,432,000

Reassessed year-one tax$164,600

vs. seller’s in-place bill$71,200

Naive full-price reassessment$225,700

Live lookup. Confidence: high. County value on record, confirmed hotel use code, deal-specific FF&E allocation. Sources: Alameda County Assessor parcel record; California Rev. & Tax. Code §110 (acquisition-value reset).

Office (traditional) · Broward County, FL

$9,200,000 purchase price

FF&E + business value carved out$92,000

Taxable real property (base)$9,108,000

Reassessed year-one tax$172,141

Naive full-price reassessment$173,880

Illustrative: hypothetical purchase price, current jurisdiction rule as coded. Change of ownership removes Florida’s 10% non-homestead assessment cap; property reassesses to real-property just value the following Jan 1 (FF&E on the separate TPP roll). Fla. Const. art. VII §4; §193.1554–1556, F.S.

Multifamily (conventional) · Harris County, TX

$21,000,000 purchase price

FF&E + business value carved out$210,000

Taxable real property (base)$20,790,000

Reassessed year-one tax$436,590

Naive full-price reassessment$441,000

Illustrative: hypothetical purchase price, current jurisdiction rule as coded. Texas has no change-of-ownership reset: appraised at market value each Jan 1, assessed at 100%, no commercial growth cap. It’s also a non-disclosure state, so value doesn’t automatically chase the sale price, though the appraisal district can still move it up from ingested sale data; the defensive lever is an equal-and-uniform appeal, not a carve-out. Tex. Tax Code §23.01, §25.18, §42.26.

Retail (single-tenant NNN) · San Diego County, CA

$6,400,000 purchase price

FF&E + business value carved out$0

Taxable real property (base)$6,400,000

Reassessed year-one tax$75,520

Naive full-price reassessment$75,520 (identical)

Illustrative: hypothetical purchase price, current jurisdiction rule as coded. Single-tenant NNN retail carries no FF&E or going-concern value to strip, so the naive and correct methods agree here. The tool’s job on this deal is confirming there’s nothing to carve out, not avoiding an overstatement. California Prop 13: change in ownership sets a new base year value at full cash value (≈ purchase price), assessed at 100%, capped at 2%/yr thereafter, real property only. Cal. Const. art. XIII A; Cal. Rev. & Tax. Code §§60–64, 110.1, 51.