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
