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


Conducted on Wednesday, April 22, 2009

Program Materials

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.

Description

Property tax is a corporate expense that businesses simply cannot avoid. As federal and state government budget crunches are forcing more and more cuts in revenue sharing, pressures mount on cities and counties to raise millage rates.

The main aspect of property tax a business can control is the resourcefulness and aggressiveness with which its tax staff appeal assessments to city and county boards and in court.

Listen as our panel of corporate tax professionals and savvy tax advisors — experienced in tax assessment appeals — shares successful strategies for winning reductions in assessments, valuations and property tax bills.

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Outline

  1. Real And Business Personal Property Valuations, In Theory And Practice
    1. TICM: Pros and cons
    2. Income approach: Pros and cons
    3. Sales comparison approach: Pros and cons
    4. Uniformity and equitable assessment
    5. How assessors are likely to react in each of these areas
    6. Tactics for tax pros to bolster their case
  2. Assessment Procedures
    1. Creating a checklist of to-do items
    2. Taxable value limitation measures
    3. Exemptions and special assessments
    4. Dealing with the assessor before the tax roll is finalized
    5. Knowing how far to push your case
    6. Researching how assessors behave in that jurisdiction
      1. Comparing how the same jurisdiction has treated different businesses
    7. Valuable Internet resources of data
    8. Tactics for tax pros to improve their processes
  3. Appeal Procedures
    1. Payments under protest
    2. Dealing with appeal deadlines
    3. Handling the specificity of an appeal complaint
    4. Trying to choose a forum (administrative vs. judicial)
      1. Various factors to consider
    5. 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
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

Kieran Jennings
Kieran 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

Dennis Neilson
Dennis 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

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

On-Demand Seminar Audio

$247