Property Tax
We help you reduce overall property tax costs by assisting with all aspects of property tax planning, consulting and compliance.
Property Tax
Property taxes often comprise the largest component of state and local liabilities paid by businesses, tend to increase over time and, unlike income taxes, are not affected by the profitability of your business. Baker Tilly specialists advise clients on proactive strategies for controlling property tax costs.
Baker Tilly’s property tax specialists recognize the intrinsic difficulty in minimizing property taxes when your business is expanding into multiple taxing jurisdictions with different rates, assessment practices and exemptions. We specialize in providing extensive nationwide real estate and business personal property tax assessment and management services across a broad range of industries.
A bespoke approach to property tax solutions
Our team custom tailors property tax services to meet each company’s unique needs.
- Import asset data
- Collect historical information
- Image client documents
- Validate taxing jurisdictions
- Confirm account date
- Track new and sold properties
- Import asset data
- Collect historical information
- Image client documents
- Review and analyze current assessments
- Support appeal values with in-depth analysis
- Manage appeal to resolution
- Collect and validate tax bills
- Verify and process bills
- Tax payment services
- Secure access to data
- Instant status updates
- Management reporting
Our real and personal property tax services include:
- Multijurisdictional compliance solutions: Preparation of business personal property tax renditions and identification of statutory and discretionary exemptions, refunds and abatements
- Qualification for special, tax-advantaged property tax classification: manufacturing, waste treatment, etc.
- Review and negotiation of personal property valuations and assessments
- Dispute resolution and litigation support related to audit defense and appeals
- Business restructuring analysis on property taxes: Mergers, acquisitions, spin-offs, asset sales, deemed asset sales, etc.
- Fixed asset analyses, life cycle studies and assessment tracking
- Real estate transfer tax compliance and planning
- Ensuring appropriate accounting for expensed items in accordance with ASC 606
- Targeted consulting on real property tax issues
- Annual real estate portfolio reviews: Identifying tax-saving opportunities related to valuations, exemptions, and abatements
- Pre-acquisition property tax estimates: Providing comprehensive tax estimates essential for underwriting, tax budgeting and pro forma analysis
- Multi-state portfolio property pax representation, offering accurate and thorough pre-acquisition tax estimates and comprehensive state and local tax services in all 50 states
- Complex personal property tax consulting, and seamless portfolio transitions
- Tax risk mitigation strategies: Securing reductions through pollution control exemptions, freeport exemptions, inutility studies, functional or economic obsolescence, abatement considerations, payment in lieu of taxes (PILOT) or fee in lieu of taxes (FILOT), bond for lease and ghost assets
- High volume business personal property tax: Efficiently filing and maintaining tax returns and exemption forms for each taxing jurisdiction across the country
- Personal property tax compliance solutions
- Fixed asset inventory, identify ghost assets and reconcile data to prevent overpayment
National state and local tax calendar
View dates and deadlines nationwide for sales and use tax, real estate property tax and business personal property tax.
Commercial real estate property tax
At Baker Tilly, our goal is to minimize your commercial real estate property tax burden by researching and understanding local markets, mastering the intricacies of local taxing authorities, and skillfully navigating the appeal process
Our services include:
- Annual real estate portfolio reviews: Our credentialed real estate property tax consultants conduct annual reviews to uncover tax-saving opportunities related to valuations, exemptions and abatements
- Pre-acquisition property tax estimates: Before acquiring property, consult our specialists for comprehensive pre-acquisition property tax estimates essential for underwriting, tax budgeting and pro forma analysis
- Multi-state portfolio property tax representation: We provide thorough pre-acquisition tax estimates and offer comprehensive state and local tax services in all 50 states
- Seamless portfolio transitions: Our dedicated transition team collaborates closely with clients to establish a comprehensive service plan and execute all data and software platform integrations
Business personal property tax
Baker Tilly offers personalized and proactive business personal property tax services, ensuring accurate valuations, tax opportunities and comprehensive support for complex assets across multiple states
We provide:
- Complex personal property tax consulting: Addressing complex business personal property tax matters proactively with a unique level of personal interaction and responsiveness
- Tax mitigation strategies: Our consultants possess extensive knowledge of taxation patterns and tendencies across all jurisdictions, securing reductions through pollution control exemptions, freeport exemptions, inutility studies, functional or economic obsolescence, abatement considerations, payment in lieu of taxes (PILOT) or fee in lieu of taxes (FILOT), bond for lease and identifying ghost assets
- High volume business personal property tax: Efficiently filing and maintaining tax returns and exemption forms for each taxing jurisdiction across the country
- Personal property tax compliance solutions: Ensuring complete and accurate outsourcing with seamless transitions among services
- Fixed asset inventory: Conducting site inspections to identify ghost assets and reconcile data to prevent overpayment on property taxes
Better together
Baker Tilly Expands Specialty Tax Services with Invoke Tax Partners
Baker Tilly acquires Invoke Tax Partners, a nationally recognized state and local tax specialty firm based in Dallas. This acquisition enhances Baker Tilly’s capabilities in real estate and business personal property tax, sales and use tax and severance tax.
Our professionals
