Property Tax Services

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Property Tax Services

Take Advantage of Property Tax Savings Opportunities

Property tax is a controllable cost that impacts the bottom line through substantial cash savings. If not addressed properly, companies lose these savings opportunities by missing out on allowable deductions and exemptions. GTM’s corporate property tax outsourcing and advisory services leverage the strength of industry expertise and best practices to ensure that companies are filing correctly and taking advantage of allowable savings opportunities. Our services include corporate property tax compliance, valuation review and appeals, audit support, and fixed asset and reclassification reviews.

Property Tax Compliance

GTM’s team of property tax professionals lighten the compliance burden by streamlining and automating the processes through our proprietary process and controls. We perform the initial set-up of files, prepare a tax calendar, conduct data analysis, prepare and file renditions, review and verify value notices, reconcile tax liabilities as reflected on valuation notices and subsequent bills, and process tax bills for payment as authorized.

Practice Lead

Robert Butterbaugh

Practice Leader, Property Tax Services

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Valuation Review and Appeal Services

GTM’s property tax team collects data and performs analysis to tie out personal and real property tax value notices to rendered or expected values. We also evaluate the impact of internal and external events that may impact the values of the taxable assets subject to property tax and pursues those opportunities for an appeal decision. As authorized, valuation review and appeals services may include assessment appeals, discussions, negotiations, informal or formal appeal hearings, or other meetings with taxing jurisdictions or their authorized representatives. GTM uses a proactive approach to meet informally with taxing jurisdictions to negotiate equitable assessments early in the assessment process. This often avoids the need for formal, and more costly, tax appeals.

Audit Support

GTM represents clients during formal or desk audits that may be conducted by taxing jurisdictions or third-party auditors. With your authorization, GTM coordinates the exchange of information with the auditor and performs associated services including challenging audit assessments as appropriate.

Fixed Asset & Reclassification Reviews

GTM performs fixed asset reviews to identify and quantify ghost assets, exempt assets, mis-classified assets (real or personal), assets that have shorter useful lives, non-value added assets, capitalized repairs, or other non-taxable assets for its clients. These studies document the basis for pursuing adjustments for our clients and have often yielded significant savings.

General Consulting

There may be specific property tax triggering events that impact values of taxable assets for particular industries and company-specific properties. These include mergers, acquisitions and dispositions, asset impairments, regulatory developments, competitive marketplace developments, tax legislation and other external factors in play.  GTM has experience and proprietary ideas of how to address these impacts from a property tax standpoint.  In these situations, GTM provides guidance around best practices, acquisitions, pre-rendition data analysis, and other issues that require a depth of property tax technical knowledge.

Property Tax Insights