Challenging a Business Personal Property Assessment
Strategies for Reducing Your Company's Valuation and Property Tax Bill
Recording of a 110-minute CPE/CLE webinar with Q&A
This teleconference will provide tax professionals with best practices for preparing a solid case to lower a proposed assessed value of inventory, machinery and equipment, furnishings, and other personal property, based on principles that will apply regardless of the jurisdiction.
- Advance research activities in business personal property
- Equipment vs. inventory vs. computers vs. furnishings
- Examining possible market, functional or physical obsolescence factors
- Looking for possible examples of subjectivity and inconsistency
- Considering real vs. business property issues
- Considering market value, book value and local schedule factors
- Taking special features of local regs into account
- Preparing an effective assessment report
- How to effectively present your data and findings
- Quoting from jurisdictions rules and requirements, assessment manual
- Other issues to consider
- Knowing what you specifically hope to achieve
- Negotiating with assessors and preparing for appeals
- Negotiating tactics when working with assessors
- How often to amend or appeal a BPP assessment?
- Payments under protest/short-pay
- Dealing with appeal deadlines
- Handling the specificity of an appeal complaint
- Trying to choose a forum (administrative vs. judicial)
The panel will prepare you to do a better job when it comes to:
- Working with business personal property assessments based on market value, value on a company's books or local schedule.
- Making skillful use of the three categories of obsolescence.
- Grasping nuances of assessing tricky property categories such as inventory.
- Planning how often to appeal a BPP assessment.
- Displaying your research in a well-crafted assessment report.
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Senior Manager, Property Tax
DuCharme McMillen & Assoc.
He has nine years of property tax experience in the areas of consulting, tax planning and minimization, and audit... | Read More
He has nine years of property tax experience in the areas of consulting, tax planning and minimization, and audit defense. Before coming to the firm, he worked with large corporate clients as a property tax manager at PricewaterhouseCoopers.Close
Pullman & Comley
He represents business clients in equitable assessment cases and property tax appeals in regard to properties as varied... | Read More
He represents business clients in equitable assessment cases and property tax appeals in regard to properties as varied as corporate headquarters and power plants, hotels and movie theaters.Close
Senior Manager of Property Tax
He has 11 years of experience in personal and real property tax and tangible valuation services. Before coming to Crowe... | Read More
He has 11 years of experience in personal and real property tax and tangible valuation services. Before coming to Crowe Horwath, he was the Central Region property tax consulting/compliance leader at another accounting firm.Close