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Property Tax Trends, Triggers & Savings Opportunities

October 17, 2019

When it comes to property taxation, tax departments want to pay their fair share. However, when their focus is solely on complying with a wide variety of state and local tax reporting requirements, they may be missing opportunities to legally minimize their property tax burdens.

During this live webinar, GTM’s Bob Butterbaugh, Practice Leader for GTM’s Property Tax Services, will briefly provide an overview of the three foundational issues that impact property tax: verification, classification, and valuation. Participants will learn how to determine whether the assets used in their respective businesses are being used efficiently for the purpose for which they were designed; are classified appropriately to be assessed only those assets that are taxable consistent with state statutory provisions; and are fairly and properly valued. They will also learn to recognize some of the most common triggering events that impact value and how to leverage opportunities to secure savings in their own organizations. Specific topics include:

  1. Overview of Property Tax
    • Foundational pillars
      • Verification (Are assets in place for use for the purpose designed?)
      • Classification (Are assets classified properly?)
      • Valuation (Core tenant of property tax: values of taxable assets are fair, equitable and supportable as of a certain date)
    • Focus today on events impacting fair market value
  2. Recognize megatrends and valuation impacts
  3. Capitalize on common triggering events
  4. Savings opportunities for your organization

This webinar is ideal for tax professionals who have responsibility for property tax in their organizations; those interested in learning about how the value of their business assets subject to property tax are impacted by both internal and external factors and what can be done to capitalize on these trends and triggers; and those interested in learning at a high level how looming legislative and economic events may impact property tax outcomes.

Global Tax Management is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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