Minimizing Your Business Property Tax Bills
Proven Strategies for Challenging Real and Personal Property Valuations
Recording of a 100-minute CPE/CLE webinar with Q&A
This seminar will offer proven strategies for developing proposals for favorable real and business personal property assessments and for appealing a high valuation and costly tax bill.
Outline
- Real And Business Personal Property Valuations, In Theory And Practice
- TICM: Pros and cons
- Income approach: Pros and cons
- Sales comparison approach: Pros and cons
- Uniformity and equitable assessment
- How assessors are likely to react in each of these areas
- Tactics for tax pros to bolster their case
- Assessment Procedures
- Creating a checklist of to-do items
- Taxable value limitation measures
- Exemptions and special assessments
- Dealing with the assessor before the tax roll is finalized
- Knowing how far to push your case
- Researching how assessors behave in that jurisdiction
- Comparing how the same jurisdiction has treated different businesses
- Valuable Internet resources of data
- Tactics for tax pros to improve their processes
- Appeal Procedures
- Payments under protest
- Dealing with appeal deadlines
- Handling the specificity of an appeal complaint
- Trying to choose a forum (administrative vs. judicial)
- Various factors to consider
- Tactics for tax pros to fine-tune their strategy
Benefits
The panel will help you with:
- Developing an overall strategy for fighting property tax assessments before administrative and judicial review panels
- Establishing top management support for the appeal
- Determining whether to go to court — and how to prepare the case
- Selecting the right attorneys, property appraisers, consultants and expert witnesses
- Creating a thorough, airtight property appraisal report
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Joseph Calvanico
Director, Midwest Property Tax and Valuation Services
Grant Thornton
He has more than 25 years of experience in real and personal property tax and valuation. He previously was a senior... | Read More
He has more than 25 years of experience in real and personal property tax and valuation. He previously was a senior real estate specialist with GE Capital and a partner with a Big Four Firm.
CloseKieran Jennings
Partner
Siegel Siegel Johnson & Jennings
His practice focuses on real property taxation and general state and local tax litigation. He is a frequent writer and... | Read More
His practice focuses on real property taxation and general state and local tax litigation. He is a frequent writer and speaker for real estate professional associations, acts as vice-chairman of the American Bar Association Property Tax Committee, and serves as his firm's professional representative to the American Property Tax Counsel.
CloseDennis Neilson
Partner Emeritus and Consultant/Appraiser
Advantax Group
He has nearly 40 years of experience in appraisal, valuation and property tax consulting in the U.S. and Europe. He is... | Read More
He has nearly 40 years of experience in appraisal, valuation and property tax consulting in the U.S. and Europe. He is served as an expert witness on valuation and property tax theory, methodology and issues in numerous proceedings and also spoken, conducted workshops and written on those same issues. Before joining Advantax, he was president of American Appraisal Associates Inc.
CloseOther Formats
— Anytime, AnywhereOn-Demand Seminar Audio
$247