Property Tax

Property Tax Service
Real and Personal Property Taxes combined represent more tax dollars than all personal Federal Income Tax, so the amount of money that is spent in this area is significant for many businesses.

• The current economic downturn has changed property valuations, yet most business owners have little or no solid understanding on how to appeal the assessed values of their properties.


• The National Taxpayers Union reports that over 60% of property owners have inaccurate information on their assessment and/or their property is incorrectly assessed.

Most business owners feel that by simply recording the additions/deletions of new and retired assets they are managing their Personal Property Tax expenses… the reality is that this is simply one in a number of steps to a thorough and efficient plan. Assets must to be verified, correctly classified and properly valued in order to minimize this expense.

Consider some recent results:

Real Taxes were overcharged by $400k+ per year due to mis-measured footage

A recent client received over $25,000 in refunds due to a billing error

Another client was overcharged due to the Assessor not accounting for a road that transected the client’s property

Yet another client was inaccurately assessed due to undevelopable land not being deducted

Another client was overcharged as the property that was used for comps was classified differently (think residential property assessed with commercial property as the comp)

We have also found assets that were assessed that were actually exempt-eligible, others that should have been classified as non-taxable and even others that were double-assessed.

The bottom line is that this is an area of expense that does not often undergo the scrutiny for savings that many other higher profile areas experience. As such, errors often remain undetected and will be recur annually.

Once mistakes are found we work with local Assessors for resolution. In the unusual event that we have to appeal, we will represent your case before the Appeals Board.

As with all of our services, if we are unable to deliver results then there is no fee. You have nothing to lose, and ask yourself this question, do I really want to pay any more than I absolutely have to in taxes!!

Start realizing your savings today! Contact us for your FREE consultation and analysis!

Info@profitadvisorygroup.com