RGN Accountancy Group

Property Tax Consultant in West Hollywood, California

5(68 reviews)
(323) 350-00999255 Sunset Blvd, Ste 1100, West Hollywood, CA 90069View on Yelp
RGN Accountancy Group - property tax consultant in West Hollywood, CA

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5
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68 reviews

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About RGN Accountancy Group

RGN Accountancy Group is a full-service accounting firm based in West Hollywood that handles far more than standard bookkeeping and payroll. For property owners, they offer a practical, numbers-driven approach to property tax assessment reviews that fits naturally alongside their broader tax planning work. Because they understand how property taxes interact with income tax, depreciation schedules, and entity structuring, they can spot planning opportunities that a standalone appraisal firm might miss entirely. The team works primarily with small business owners, real estate investors, and high-net-worth individuals in the greater Los Angeles area. Many clients hold residential rentals, mixed-use buildings, or commercial properties, and they've come to rely on RGN to flag assessment issues during annual tax prep rather than discovering overpayments years later. The firm's integrated approach means property tax strategy is built into the larger financial picture, not treated as an afterthought.

Services

Tax Services
Bookkeepers
Payroll Services

How They Can Help

RGN Accountancy Group approaches property tax work as one piece of a broader tax strategy. For property owners, they start by reviewing annual assessed values against current market data and income performance, identifying situations where a Proposition 8 appeal or base year value challenge could produce a meaningful reduction. Beyond the appeal itself, they advise on how property tax savings affect adjusted gross income, depreciation recapture planning, and overall real estate portfolio returns. For clients who hold property in LLCs or S-corps, they review whether the ownership structure is creating unnecessary reassessment exposure under Proposition 19 transfer rules. RGN also handles the bookkeeping and payroll side, so rental property owners get integrated financials that make it easier to support an income approach valuation if an appeal requires it. Their tax preparation services cover both individual and business returns, and they're equipped to represent clients in IRS and California FTB audits. For new property acquisitions, they advise on purchase structure to preserve any available transfer exclusions before the deal closes.

What to Expect

RGN's property tax review process usually starts during annual tax preparation. As they work through your return, they flag any properties where the assessed value looks out of line with recent sales or actual income performance. If an appeal looks promising, they pull the relevant assessment data, review the property's characteristics on file with the assessor, and determine whether the discrepancy is large enough to justify a formal filing. For clients whose properties have changed hands or been transferred within an LLC, they also check whether the change of ownership was properly reported and whether any available exclusions were applied. From there, they coordinate with a licensed appraiser when a formal valuation report is needed for the Assessment Appeals Board, and they handle the written submission and hearing preparation. Clients stay informed throughout the process without being burdened by the paperwork. Because RGN handles the full tax picture, any reduction in assessed value flows directly into updated projections for property tax expense and net return.

Service Area

RGN Accountancy Group serves clients throughout the Los Angeles metro area, with a concentration in West Hollywood, Beverly Hills, Hollywood, Silver Lake, Echo Park, and the Wilshire corridor. They also work with clients in the San Fernando Valley and South Bay who need integrated property tax and accounting services. Remote consultations are available for clients outside the immediate area, and the firm regularly handles property tax matters for out-of-state owners with California real estate holdings.

Frequently Asked Questions

Can my accountant really help with a property tax appeal?
Yes, especially if they hold a CPA or enrolled agent designation and understand California property tax law. RGN's team combines accounting expertise with local market knowledge to evaluate whether an appeal makes financial sense before recommending you file.
What triggers a property tax reassessment in California?
A change in ownership is the most common trigger. That includes sales, gifts, certain trust transfers, and changes in LLC or corporate ownership that exceed 50% of the entity. New construction also triggers a reassessment of the added improvements only, not the land.
How does Proposition 19 affect parent-to-child property transfers?
Under the rules that took effect in February 2021, a child can only inherit the parent's low base year value if they use the property as their primary residence. Investment properties and vacation homes no longer qualify for the exclusion, which was a major change from prior law.
Will filing an appeal cause my taxes to go up?
In California, the Assessment Appeals Board can theoretically increase your assessed value if evidence supports it, but this is rare and generally only happens when the assessor presents strong evidence of underassessment. For most appeals, the practical risk of an increase is very low.
Can RGN help with both my income taxes and my property tax appeal?
Yes, that's actually one of the main reasons clients choose RGN. Having one firm handle both means the property tax reduction flows directly into accurate income and expense projections, and there's no gap between what your accountant knows and what your appeal is based on.
Is there a minimum property value for an appeal to be worth it?
There's no formal minimum, but the practical threshold depends on the size of the potential reduction and the cost of pursuing it. For residential properties with assessed values above $500,000, even a modest percentage reduction can exceed the cost of the process. RGN will give you a straight answer on whether the math works.
What records do I need to bring for a property tax consultation?
Bring your most recent property tax bill, your Notice of Assessed Value, any recent appraisals or sale documents, and if it's a rental property, your income and expense statement for the past year. The more context you can provide, the faster the review will go.
Can RGN represent me if the IRS or FTB questions my property-related deductions?
Yes. CPAs and enrolled agents at RGN are authorized to represent clients before both the IRS and California Franchise Tax Board, including for audits involving rental income, depreciation, and property-related deductions.

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