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Get peace of mind with ongoing management of your personal property tax liabilities

Our Compliance Specialists excel in preparing returns within every state that levies a personal property tax. With individual client volumes ranging from a few hundred to over ten thousand returns, we file in excess 50,000 returns annually and process over 100,000 notices & tax bills. We take pride that our efforts to minimize property taxes generally result in tax savings that are in excess of our fees. We strive to be an extension of your internal team by being transparent, knowledge sharing and providing each client with an unparalleled level of customer service.

In addition, our Consulting Experts have deep knowledge of jurisdictional tax codes and provisions to aid in avoiding issues of overassessment and double taxation, performing thorough analysis of your properties to uncover unique situations that can impact your assessment.

Tax data to make informed decisions

Understanding the future tax impact of a real estate acquisition is critical.

Our team of experts can help you plan ahead for the potential future impact of acquisition targets, providing various scenarios and personal property tax calculations to help you make an informed decision regarding the personal property tax impact of your acquisition target.

We provide:

  • Technical research
  • Budgeting and forecasting
  • Considerations and timelines for future personal property compliance

 

Planning for future tax impact

During the pre-acquisition phase, you only have one chance to ensure the initial values set for your tangible personal property are accurate.  That initial personal property assessment value can pave the way for future assessments.

Reporting newly acquired assets on the initial personal property return is critical. If they are over-reported or reported on the incorrect depreciation table, it is often difficult and time consuming to get the assessor to make corrections.

By analyzing the fixed assets purchased, to the invoice level, as well as analyzing the impact of both the real estate and personal property side by side, we can work to prevent over- and double- taxation.

Construction in progress and internally developed or manufactured assets can also present reporting and valuation issues unique to different taxing jurisdictions.

For more complex acquisitions, we can perform cost segregation reviews on bundled assets to ensure non-taxable expenditures are excluded and bundled assets are reported separately in the most tax beneficial methodology.

Our team of experts can help you with planning and budgeting during this acquisition stage, providing what-if scenarios to help you make educated acquisition decisions.

We provide:

  • Budgeting, forecasting, and accruals
  • Personal property tax calculations
  • Considerations and timelines for future personal property compliance

Ensure compliance and don’t miss an opportunity for tax savings

Internal teams are often overloaded with many other responsibilities, making timely return filings and tax bill payments difficult to manage. Compounding the difficult process is the fact that bills and assessments are often lost in the mail, assessment appeal deadlines are tight, and jurisdiction rules are constantly changing regarding exemptions, thresholds and filing rules. These norms in property tax increase the likelihood of penalties and lost savings opportunities.

We closely track critical dates to ensure returns are filed and bills are paid on time. Assessments are reviewed as they are issued against expected values so that we can recommend and pursue appeals if warranted.

Our team can complete thorough personal property reviews that may just simply overdue, or identify if a property is experiencing functional or economic challenges.  We will explore all avenues of potential tax relief and build a solid case supporting any assessment reductions.

Partner with our expert professionals who have an in-depth understanding of your operations, as well as deep expertise and decades of experience in personal property valuations.  We customize our work based on your specific needs, as well as how your industry is impacted by changes in legislation or jurisdictional guidelines.

Our goal is to be viewed as an extension of your team by delivering the following:

Compliance services:

  • Full compliance outsourcing
  • Co-sourcing
  • Loan staff
  • Tax calendars and management reporting
  • Assessment and tax bill review and payment
  • Audit support & management
  • OneSource implementation assistance
  • Best practices implementation and training
  • Tax projection, accruals and budgeting

Consulting Services:

  • Double taxation reviews
  • Benchmarking
  • Fixed Asset reviews
  • Ghost asset analysis
  • Situs analysis
  • Inventory reporting and valuations
  • Valuation studies and appraisals
  • Appeals and Analysis
  • Audit defense

Maintain accuracy of fixed asset records

When it is time to sell or merge an asset from your real estate portfolio, ensuring your fixed asset ledgers are accurate and up to date is an important step in your business valuation.

Whether the facility is a long-standing industrial plant, or it is made up of thousands of retail locations, we have the expertise and strategies to tackle the issues.

Our team of experts use proprietary software and algorithms to assist our clients with the review of aged assets and maintenance of fixed asset records. We can help you ensure your fixed asset data is in good order prior to disposition of the associated real estate.

We offer:

  • Fixed asset reviews
  • Ghost asset analysis
  • Situs analysis
  • Personal property tax accruals or projections

Client success stories

Learn how our clients were able to gain a better understanding of market conditions, increase investment value and grow their businesses.

Contact a qualified expert

Our multi-disciplinary team of professionals brings a wealth of industry experience and unparalleled data-driven insights, providing the clarity you need to make informed decisions.

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Stay current with the latest news and analysis regarding matters that impact your business and community.

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