Negotiating Property Tax Exemptions and Abatements

Corporate tax departments have considerable leeway within many local ordinances and state laws to negotiate partial or complete waivers of real and personal property taxes, as their companies add new projects or expand existing facilities.

While that leeway is a positive for corporate taxpayers, it’s difficult to verify whether your company is being treated as generously as other corporate taxpayers. Are you confident in your plan for approaching the taxing jurisdiction and securing the most generous property tax break possible?

Listen as our expert panelists – including corporate property tax specialists and veteran advisors – offer their experiences, insights and stratagems for a winning approach to negotiating property tax exemptions and abatements.

Our panelists included:

Betty McIntosh is a director in the property tax consulting division of Cushman & Wakefield, working from the Atlanta office.

Foy Mitchell is vice president of the Marvin F. Poer & Co. property tax advisory firm in Houston. He spent 23 years as executive director of the Dallas Central Appraisal District and has more than 40 years of experience in property tax compliance.

Dale Cummings is a founding member of the Cummings Westlake property tax consulting firm in Houston. Previously in his career, he was national director of KPMG’s property tax practice and a property tax manager with Amoco for 20 years. He’s held leadership roles with IPT and the Texas Taxpayers and Research Association.

With their insights, you’ll be better prepared for:

• Crafting a cohesive strategy for approaching government officials about property tax exemptions – including honest options about where else the company could expand.
• Analyzing the potential value of a property tax exemption by running preliminary cash flows and calculating the valuation threshold.
• Negotiating the duration and amount of a property tax exemption, jobs and investment performance standards, and forbearance if those standards aren’t met.
• Adjusting your strategy for real vs. personal property, and local vs. state governments.

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