San Diego-based firm expands across six states, grows valuation and research teams, and reports a $40 million reduction in a hotel assessment
Paramount Property Tax Appeal official logo.
LOS ANGELES, Sept. 02, 2026 (GLOBE NEWSWIRE) — Paramount Property Tax Appeal (PPTA), a contingency-based property tax appeal firm, today announced that its team has surpassed 50 employees as the company continues to expand its operations and valuation capabilities across six western states.
Founded in 2009 and headquartered in San Diego, California, PPTA represents property owners across multiple asset classes, including multifamily, office, industrial, retail, hospitality, self-storage, healthcare, mixed-use properties, mobile home parks, agricultural properties, vacant land, business personal property, and possessory interests. The firm currently operates across California, Colorado, Texas, Nevada, Arizona, and Washington.
PPTA has filed more than 45,000 property tax appeals throughout its history and reports an 85 percent success rate, an average assessed value reduction of 24 percent, and more than $100 million in refunds recovered for clients. The firm currently manages more than $50 billion in assessed value.
GROWTH DRIVEN BY MARKET CONDITIONS AND INTERNAL INVESTMENT
The company’s recent growth has included expansion of the teams responsible for property valuation, data analysis, research, operations, and client service. PPTA has expanded its valuations group and established an in-house data and research team supported by a dedicated program manager.
The firm said the additional personnel and internal resources are intended to support the analysis required for property tax appeals across different asset classes and markets.
“Our clients are looking for accurate assessments supported by sound analysis,” said Wes Nichols, Founder and Chief Executive Officer of Paramount Property Tax Appeal. “As our client base and geographic reach continue to grow, expanding our team allows us to provide the valuation and research resources needed to evaluate each case.”
PPTA works exclusively on a contingency fee basis, meaning clients pay no fee unless the firm successfully reduces their property tax assessment.
A SIGNIFICANT RESULT IN LOS ANGELES COUNTY
The company’s expansion comes as it continues to handle property tax appeals involving a range of commercial and other property types.
In May 2026, the Los Angeles County Assessment Appeals Board ruled in favor of a PPTA client in a new construction base year value appeal involving the 234-room Le Meridien hotel in Arcadia, California.
Los Angeles County had enrolled the property at an assessed value of $57,748,000 based on pre-pandemic construction budgets. PPTA presented a proposed value of $17,300,000 based on an income approach that incorporated actual post-opening income, the exclusion of intangible assets and business personal property, and a market-supported capitalization rate.
The board accepted the income approach presented by PPTA, resulting in a reduction of more than $40 million in assessed value.
“That case illustrates the importance of detailed, property-specific valuation analysis,” said Nichols. “Hotel assessments can require careful consideration of income, intangible assets, business personal property, and market conditions. Our role is to bring that analysis together in support of the appeal.”
LOOKING AHEAD
PPTA continues to invest in valuation technology, employee training, and client service infrastructure as property owners prepare for upcoming property tax appeal deadlines.
In California, the firm is supporting clients ahead of the September 15 and November 30 appeal filing deadlines, along with comparable deadlines in the other states it serves.
ABOUT PARAMOUNT PROPERTY TAX APPEAL
Paramount Property Tax Appeal is a property tax appeal firm headquartered in San Diego, California. Founded in 2009, the firm represents property owners on a contingency fee basis across California, Colorado, Texas, Nevada, Arizona, and Washington. PPTA serves clients across multifamily, office, industrial, retail, hospitality, self-storage, healthcare, mixed-use properties, mobile home parks, agricultural properties, vacant land, business personal property, and possessory interests. The firm has filed more than 45,000 appeals, reports an 85 percent success rate, and has recovered more than $100 million in refunds for clients. Learn more at pptaxappeal.com.
MEDIA CONTACT:
Cortnie Schultz
Director of Marketing
Paramount Property Tax Appeal
[email protected]
858.225.1200
pptaxappeal.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/50de21db-5e2a-4dae-b670-150349f2f153
