Three people by a window with a view of the city collaborating on solutions for property tax planning and compliance

Property Tax

We help you reduce overall property tax costs by assisting with all aspects of property tax planning and compliance.

Property taxes often comprise the largest component of state and local liabilities paid by businesses, tend to increase over time and, unlike income taxes, are not affected by the profitability of your business. Baker Tilly specialists advise clients on proactive strategies for controlling property tax costs.

Baker Tilly property tax specialists recognize the intrinsic difficulty in minimizing property taxes when your business is expanding into multiple taxing jurisdictions with different rates, assessment practices and exemptions. We help you reduce overall property tax costs by assisting with all aspects of property tax planning and compliance.

Our real and personal property tax services include:

  • Multijurisdictional compliance solutions (e.g., preparation of business personal property tax renditions and identification of statutory and discretionary exemptions, refunds and abatements) 
  • Qualification for special, tax-advantaged property tax classification (e.g., manufacturing, waste treatment)
  • Review and negotiation of personal property valuations and assessments
  • Dispute resolution and litigation support related to audit defense and appeals 
  • Business restructuring analysis on property taxes (mergers, acquisitions, spin-offs, asset sales, deemed asset sales, etc.)
  • Fixed asset analyses, lifecycle studies and assessment tracking
  • Real estate transfer tax compliance and planning
  • Ensuring appropriate accounting for expensed items in accordance with ASC 606
  • Targeted consulting on real property tax issues