Weintraub Zolkin Talerico & Selth

Property Tax Consultant in Los Angeles, California

5(9 reviews)
(310) 220-414711766 Wilshire Blvd, Ste 730, Los Angeles, CA 90025View on Yelp
Weintraub Zolkin Talerico & Selth - property tax consultant in Los Angeles, CA

Client Reviews

5
out of 5
9 reviews

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About Weintraub Zolkin Talerico & Selth

Weintraub Zolkin Talerico and Selth is a Los Angeles firm with a broad practice spanning bankruptcy, business law, and tax law. While most property tax firms focus exclusively on assessments and appeals, this firm's multi-disciplinary background makes them especially well-suited for situations where a property tax dispute is part of a larger financial or legal picture, such as a bankruptcy proceeding, a business restructuring, or a complex real estate transaction. The attorneys here handle difficult cases that don't fit neatly into a single category. If you own property through a business entity going through financial distress, or you're dealing with multiple overlapping legal issues, this firm can address all of it in one place. Their 5.0 client rating reflects consistent quality across a varied and demanding caseload, which is harder to maintain than it sounds when your practice covers this much ground.

Services

Bankruptcy Law
Business Law
Tax Law

How They Can Help

Weintraub Zolkin Talerico and Selth provides property tax appeal services as part of a broader tax and business law practice. For property owners, the firm handles assessment appeals before county Assessment Appeals Boards, including the preparation of comparable sales analyses for residential properties and income-approach analyses for commercial properties. They also file and argue decline-in-value petitions under Proposition 8 when market values have fallen below assessed levels. The firm's business law and bankruptcy background adds capabilities that most property tax firms simply don't have. For clients dealing with property tax liabilities in the context of a bankruptcy filing, the firm can navigate how those obligations are treated in Chapter 7, 11, or 13 proceedings. For business owners holding real estate through corporate entities, the attorneys advise on restructurings that might affect Proposition 13 change-of-ownership rules. On the transactional side, the firm reviews purchase agreements and ownership transfer structures to identify property tax consequences before they become problems. This is valuable for investors acquiring properties through entity purchases rather than direct real estate sales, where change-of-ownership questions are common. Tax compliance and dispute resolution with the California State Board of Equalization and the county assessor's office are also areas the firm handles, making them a one-stop resource for clients facing property tax issues at multiple levels.

What to Expect

Weintraub Zolkin Talerico and Selth begins every property tax engagement with a consultation that looks at both the immediate assessment question and the broader legal context. If your property is held in a business entity or you're dealing with overlapping legal issues, the initial meeting covers all of that. For straightforward appeals, the process follows the standard California path: case evaluation, application filing within the county's deadline window, evidence preparation, and hearing representation. The firm tracks deadlines across multiple counties if clients have holdings in several jurisdictions. For more complex matters, such as a property tax issue arising during a bankruptcy reorganization, the firm coordinates the property tax appeal with the broader case strategy. Tax liens, secured creditor claims, and the treatment of tax obligations in reorganization plans are all factored in. Once an appeal is resolved, the firm also advises on how to structure future ownership to minimize the risk of triggering unwanted reassessments. That forward-looking planning step is often skipped by clients who assume the job is done after a successful hearing, but it's frequently where long-term savings are protected.

Service Area

Weintraub Zolkin Talerico and Selth is based in Los Angeles and serves clients throughout Los Angeles County and greater Southern California, including Orange County, Ventura County, and San Bernardino County. The firm's bankruptcy and business law practice brings in clients from across California who have real estate holdings in the Southern California market. Cases involving property tax issues in Northern California can be evaluated on a referral or co-counsel basis.

Frequently Asked Questions

Can property taxes be discharged or restructured through bankruptcy?
Property taxes generally can't be discharged in bankruptcy, but they can be restructured under a Chapter 11 or Chapter 13 plan. Secured property tax liens typically must be paid in full through the reorganization. An attorney who handles both bankruptcy and property tax can help you understand your options and structure the plan to address this correctly.
What triggers a change-of-ownership reassessment under Proposition 13?
A change of ownership occurs when more than 50% of an entity that holds real property changes hands, or when property is transferred directly. Certain transfers, such as parent-to-child transfers or spousal transfers, may qualify for exclusions. The firm can review your transaction before it closes to identify whether a reassessment will be triggered.
Can holding property in an LLC protect it from reassessment?
Not automatically. If more than 50% of an LLC's ownership interests change hands, the property can be reassessed as if it changed ownership directly. The firm reviews LLC operating agreements and membership changes for this issue as part of their entity review service.
What happens to property tax liens when property is sold through bankruptcy?
Property tax liens are generally senior liens and must be addressed in any sale. In a bankruptcy-supervised sale, the court can approve a sale free and clear of most claims, but tax liens typically need to be paid from the proceeds. The firm works with clients and trustees to ensure property tax obligations are handled properly.
Do I need to file an appeal separately from any bankruptcy proceeding?
Yes, the appeal process before the Assessment Appeals Board operates independently of bankruptcy court. The two proceedings can run simultaneously but follow different procedures and have different deadlines. Having attorneys who handle both ensures nothing falls through the cracks between the two processes.
How does the income approach differ from the sales comparison approach for commercial properties?
The sales comparison approach looks at what comparable properties have sold for recently. The income approach values a property based on the income it generates, using a capitalization rate to convert net operating income into a market value estimate. For income-producing properties like apartment buildings and retail centers, the income approach often carries more weight in an appeal.
What is a supplemental assessment and can it be appealed?
A supplemental assessment is issued when a property changes ownership or undergoes new construction, reflecting the difference between the old and new assessed values for the portion of the year affected. It can be appealed within 60 days of the mailing date, which is a much shorter window than the standard annual appeal period.
Is this firm a good fit if my property tax situation is straightforward?
Yes, the firm handles standard residential and commercial appeals in addition to complex matters. That said, if your situation is truly simple and cost is your primary concern, it's reasonable to compare fee structures across firms to find the best fit for your specific case.

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