Watch a 1.5 min. video that explains more.
Are your property tax bills consistently higher than you believe they should be? Property taxes are one of the largest expenses companies face and many grapple with inflated property tax assessments, leading to unnecessary financial strain.
The frustration of overpaying property taxes can take a toll on your bottom line, diverting funds that could be better utilized for business growth, employee development, or other essential investments. Navigating the intricate world of property tax assessments can be overwhelming, leaving you wondering if there’s a better way to ensure your properties are fairly and accurately valued.
Yes, TAG offers national property tax consulting in all areas of property tax.
We have a history of specializing in business personal property taxes using a fair market value approach, having started with this model in Texas over 22 years ago.
Today, we provide fair market value filings in states that support this (like our home state of Texas), national BPP compliance filing, and national real estate property tax consulting specifically around retail, office, and industrial properties.
TAG actively supports over 50 industries with a large concentration focused in oil & gas, retail & office, chemical & plastics, food & wine/spirits, construction, transportation & logistics, agricultural, electronics, and warehousing.
Our tech-enabled service model is a combination of our world-class team’s expertise with smart, predictive technology to deliver an experience that’s transparent, accurate, and mitigates risk.
We offer a proprietary-based property tax management software platform enabling our clients to gain valuable insight into their businesses through built-in advanced reporting capabilities, extensive process tracking, straightforward deadline alerts, and more.
With our leading-edge data analysis tools, we’re better advanced in our ability to predict tax rates and values that impact significant financial decisions so you can plan ahead.
Our people are the best in the business, and paired with our tech-enabled approach, we outpace the competition and deliver where others simply cannot. The taxing jurisdictions might miss something, but you can rest assured that the TAG team won’t.
TAG contracts with and pays for multiple independent ASA-certified appraisers each year to gather unbiased fair market value data across thousands of asset categories.
This information is compared against 20+ years of historical data related to these categories as well as against industry specific market studies to support our fair market value renderings.
Our average reductions achieved across our client portfolio after 22 years of perfecting this model is 30%.
The short answer is “No, they don’t have to be.” Agreements are case-specific. Our service can be provided to one, some, or all of your locations depending on your need.
However, allowing us to support all your locations provides an opportunity for us to identify additional tax savings within your portfolio while also providing timely and accurate filing – helping you to mitigate all risks associated with your property taxes.
It is important to identify whether your BPP assets and inventory in state’s that offer fair market value filing options (Texas for example) are being filed only for compliance sake with no consideration of the options afforded your business under that state’s tax code. Why set the value of your property higher using cost/year acquired data when you could set the value lower using fair market value data on the first rendition filing?
Almost all property tax consultants, CPAs, and tax teams treat business personal property as a compliance-only matter submitting cost/year acquired data to taxing authorities who use mass appraisal techniques to inflate your values, on average, 30% above fair market value.
If you are heavily inventoried, the over-assessment happens when you file cost/year acquired but the tax code in that state defines inventory based on a per unit model, meaning what a willing buyer would pay for your inventory as a unit on the open market if you were to sell the business. Per unit values are often radically lower than cost/year acquired values.
If you are currently submitting your BPP taxes using cost/year acquired in states that accept fair market value, you are likely being over-assessed to some degree.
Watch this short video we put together that explains this further.
You can continue using them for needs you may have outside of one or more of the property tax services we offer, or you can end your agreement with them related to property taxes and solely work with us.
TAG understands that there are varying needs each of our clients have. Because of this, our boutique firm is happy to support you where you need it most.
Often, this means we assist companies with their business personal property given our expertise in this space, and then with compliance and real property needs locally and nationally as they arise.
Contact us today to further discuss how our approach can benefit your company.
We work on a contingent fee when applying our fair market value approach (in states where applicable) for business personal property, with a small location fee to process and submit your renditions. Our compliance and real estate work is typically based on a flat fee.
The contingent fee for BPP is a percentage amount and is based on the savings generated between what you would have paid filing a cost-depreciated filing, and the final rendered values we are able to obtain filing with our fair market value method. If we don’t save you money, you only pay the small filing fee per location.
For specifics on what our fees would be for your organization, contact us to learn more.
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