A Tax to Grind | A Blog to Enlighten and Entertain Those Afflicted with Property Tax

To Appeal or Not to Appeal Your Castle Value

Topic: A Tax to Grind, A Tax to Grind

Tuesday, 22 April 2014 by David H. LeVan

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How do you value a “Castle”? Find out more by watching our latest PropTax Minute.

Advantax Celebrates 20 Years – Thanks to all of you!

Topic: A Tax to Grind, A Tax to Grind

Thursday, 17 April 2014 by David H. LeVan

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As we celebrate our 20th year at Advantax, I want to say thanks to everyone who has made these past 20 years possible.  Like at the Oscars someone can start the music when my time for thank you’s is coming to an end and like the award recipients I’ll continue for a few more minutes anyway.

Thanks to our customers, without you this whole thing wouldn’t work very well. Thanks for trusting us with your business, for letting us challenge the norm, for your candor and for being a great group of folks to work with.

Thanks to all of my coworkers, present and past.  You have poured your heart and souls into building a great organization. You’ve made this company exciting, challenging and fun; a place where we can all grow and learn.

Thanks to everyone who has made a positive impact on our organization.  It’s been a blessing to watch it grow.  Happy 20th Anniversary!

 

Personal Property Tax Assessments – A Fair Value?

Topic: A Tax to Grind, A Tax to Grind, Management, Property Tax Administration, Property Tax Assessment

Monday, 14 April 2014 by Advantax

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As compliance season begins to wind down, we in the property tax world are hit with an unsuspecting second burst of activity – property tax assessments!  As these assessments start to roll in from each individual assessing jurisdiction, it is your job as a member of the tax department to ensure that the values match (or at least come close) to the value you rendered.  There are a lot of questions to ask when identifying if & how an assessor accepted your value.

Did they remove the disposed assets?  Did they accept your categorization of the new additions?  Did they move that grouping of assets from one category to another as you filed?  Did they accept your claim for obsolescence?  Are the inventory exemptions being applied properly?

Starting with these questions and digging deeper into your property record card is a great way to not only ensure that you receive the value you filed – but to open the door to even more potential savings opportunities. It never hurts to have an annual conversation with the assessor, who is critically important to the value, which is the basis for your location’s tax budget.  If you don’t have time to dig into your assessments this summer, call Advantax.  We will be happy to help!

You can give us a call, or check out our Property Tax Consulting page on our website to learn more.