Reduce liability with a proactive, comprehensive approach.
Nearly all jurisdictions below the state level generate revenue through the imposition of property taxes. Levied most frequently by counties and cities, these taxes are one of the most substantial sources of local government revenue, and can be one of the largest regular operating expenses for businesses with properties in the U.S.
Unlike other taxes, property tax assessments are based on the estimated value of the property, and thus, are subject to varying opinions. Companies with properties in multiple jurisdictions must manage differing rules, regulations and deadlines while determining whether their assessments are equitable.
At BDO, we believe the best way to help our clients reduce their property tax liability is by being proactive. We offer a series of comprehensive services, all designed to address nearly every property tax issue, from return filing and value negotiation to inventory valuation and exemption analysis. We help our clients mitigate the risk of penalties, interest, supplemental costs and property seizures. Our process also covers:
- Assessment appeals
- Assessment monitoring
- Audit defense
- Data acquisition and analysis
- Management reporting
- Strategic planning
- Tax payment
- Tax reporting
Serving clients in all 50 states, our practice includes compliance and consulting professionals. We have extensive experience working with businesses across nearly every industry, including manufacturing and distribution, energy, technology, food processing, retail and real estate.