PROPERTY TAX SERVICES

 Reduce Expenses, Improve Budgeting, Ensure Compliance

Every piece of real estate in the United States is reviewed for taxation. In most jurisdictions across the United States, personal property held by businesses, which may include tangible and intangible assets, are taxed. With few exceptions, these taxes are calculated based on the government's estimate of the asset's value. To determine these values to tax, governments rely upon returns from the owner, market sales, government constructed depreciation tables.

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Personal Property

The government assessor frequently derives a value by simply multiplying the cost figures on the personal property return by a generic depreciation table. This method of valuation cannot help but ignore serious impacts to value, such as production bottlenecks and economic obsolescence. It is also not uncommon for there to be errors of record and calculation errors which result in over estimates of value and, therefore, inflated taxes.

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Real Estate

Depending on the type of property, the assessor may value real estate based on its cost to build, depreciated only for age, or what the assessor sees as comparable sales, or on the assessor's estimation of the income that can be derived from leasing the property. There are hundreds of factors that must be properly considered when applying these valuation methodologies. Few assessors have the time, resources, or information necessary to apply them. This results, sometimes, in grossly overstated valuations.