Does your property tax bill feel super sized? Bigger isn’t always better. Make sure your property value is reflected fairly.
Nearly every business pays personal property and real estate taxes but that doesn’t mean you have no options. Have Schenck’s State and Local Tax (SALT) team evaluate your tax bill today. It could lead to significant savings.
We look at ways to ease your property tax burden and minimize future tax expenses. Our property tax specialists provide services to address all aspects of property taxation, from assessment reviews to assistance with identifying exemptions.
- Property assessment reviews to ensure you are not overpaying
- Abatement and exemption assistance
- Audit representation
- Preparation of your personal property tax or manufacturing forms
Consider property tax classifications
There are several exemptions available to manufacturers. We can help you maximize those exemptions, or if you are not currently classified as a manufacturer, we can assist in that process. Properly classifying property as either personal property or real estate can significantly impact your overall property tax liability. Our team can also ensure that leasehold improvements are not being double taxed as personal and real property.
Abatement and exemptions exist
States or municipalities will sometimes offer property tax incentives to encourage capital investment and entice businesses into the area. These incentives may take the form of abatements or specific exemptions, and companies must often negotiate with the state or municipality to receive these incentives. Let Schenck’s SALT team help your company try to proactively obtain property tax benefits before relocation, construction or renovation activities.