Tax Reduction Steps
Many businesses go to great lengths to insure that they aren’t overpaying their federal or state income taxes, but few realize the savings opportunity available to them by having their property taxes reviewed.
Real Estate Tax Reviews
In order to determine if you may be overpaying your real estate taxes, we will perform the following:
- Obtain the details of how your property has been assessed from the appropriate Assessor’s office.
- Perform a site inspection of your property.
- Compare the information gathered from the site inspections to information gathered from the Assessor’s office in order to determine if your assessment is too high.
- File appeals on your behalf if our evaluation determines thet you are overpaying your real estate taxes.
- Work with the Assessor to negotiate a reduction in your assessed value.
- Follow up with the appropriate local government office (Assessor, Treasurer, etc.) to ensure that the reduction has been implemented. This can occur by obtaining a reduced tax bill, a refund or a credit of overpayment being applied to your bill.
Personal Property Tax Reviews
In order to determine if you may be overpaying your real estate taxes, we will perform the following:
- Examine your prior year tax returns.
- Perform a fixed asset study.
- Review your company’s eligibility for current available exemptions.
- Evaluate alternative methods to prepare your return.
- Work with you to implement the savings strategies we identify.
These are only two of the many ways available to reduce your property tax bills. After our complete evaluation of your property tax situation, we may suggest other reduction methods such as abatements, tax credits or a variety of other resources that may apply to your business’ current situation.
