Compliance

Complying with personal property tax filing requirements can be a time-intensive, painstaking, and costly accounting task. With the personal property tax return reporting system developed by Advaloremtax.net, we can efficiently manage the entire compliance process, thereby dramatically reducing your cost.

The value of intangible assets (use rights, copyrights, customer base, work force, etc.) which are usually not subject to property taxation, are quite often imbedded in the costs of tangible personal property assets. Advaloremtax.net aggressively pursues the separation of intangible and tangible personal property assets for the purpose of property taxation. We also assure that those taxable assets are then given proper physical, functional, and economic depreciation and obsolescence to reflect the assets true value each year.

Personal property is often overlooked as an area where assessment reductions can be achieved. Advaloremtax.net’s property tax specialists analyze our client's owned and leased assets at each location to determine proper classification, taxability, exemption opportunities, and actual market value. Our sole function and goal is to minimize our client's annual property tax liability through timely administrative compliance and aggressive pursuit of proper and fair valuation assessments. We treat every penny of your property tax liability as if it were "coming out of our own pockets!" Outsourcing personal property tax compliance management can reduce administrative costs and provide increased accountability. Every company whose personal property tax management involves multiple locations or complex properties owes it to their bottom line to consider Advaloremtax.net.

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Types of Personal Property:

• Inventory, including parts and supplies
• office furniture
• office and warehouse equipment, systems, and fixtures
• vehicles
• manufacturing, processing, mining, and distributing machinery and equipment