Business Property Consulting
Business Personal Property taxes have always been a drag on profits. However, today's assessors are more aggressive than ever, and their work often results in over-assessment of assets. Combined with the insistence of modern companies on maintaining "lean and mean" tax departments, the frequent outcome is substantial overpayment. Property Tax Assistance Co., Inc. leads the profession in providing the following services...
The lien date (for most states) for personal property is January 1st. April 1st is the final due date for filing and in California May 7th is the last date to file before accruing a penalty..
Real Estate Consulting
Property Tax Assistance Co. Inc. Real Estate Division handles every aspect of the real property tax field including; compliance, tax estimates, pre due diligence analysis, complete tax bill review, special and direct assessments, new construction analysis, change in ownership, and of course, property tax appeal representation before the various assessment appeal boards.
Direct Assessment Analysis
Many taxpayers do not realize that real estate property taxes include more than the property owner's general tax levy. Many bond items, city assessments and community service fees are tacked on to property tax bills. Not all of these items are related to the value of the property. Because of the diversity with which these various special assessments are calculated, many inaccuracies go undetected.
Cost Segregation is an engineering-based approach to identifying assets within a building that can be reclassified into a much
shorter depreciation recovery period than the building itself. Real estate properties are generally depreciated using a straight-line method of 39 years (27.5 years for residential properties). These properties are defined as real property.
Litigation support for evaluation after litigation is commenced including working with counsel as to legal arguments, interrogatories, depositions, discovery, pre-trial preparation, and advice during trial.