Personal Property Taxes
A highly competitive business environment requires business owners to
make significant annual expenditures in expensive capital equipment.
Much of this equipment quickly becomes obsolete due to the emergence
of new technologies, yet the tax assessments remain high.
can I determine the true market value of my equipment?
true fair market value of your equipment can only be determined by a
physical inspection and/or an appraisal.
do I know if my company’s tangible personal property is being
actual fair market value of the equipment is often significantly
less than the assessment derived by applying the State promulgated
depreciation tables to the original cost of the equipment.
- All tangible personal property tax returns are
reviewed and reconciled to the underlying fixed asset records.
Exempt property is identified and the property classifications
Leased equipment is identified and itemized.
- The results of our tax return analysis are then reconciled
to the County Property Appraiser’s assessment.
- Each significant item of tangible personal property is analyzed
and, if needed, independently appraised to determine the fair
market value of the equipment.
- Significant discrepancies between Savitar’s valuation
and the County assessment are isolated, forming the basis for the