Companies routinely overpay personal property taxes. Counties’ standard valuation methods frequently inflate asset values and the resulting tax.
Why overpayment happens
- Counties require a one-size-fits-all declaration with fixed depreciation schedules.
- Businesses often keep paying on disposed assets they no longer own or use.
- Available state and county exemptions go unclaimed.
- Capitalizing assets at higher purchase prices for income-tax purposes overstates personal-property valuations.
How we help
We review prior filings to see how assets were valued, check listings for inaccuracies, reclassify assets into the correct equipment categories and apply the available depreciation, then work with local assessors to keep future filings transparent.