If any of your facilities are in jurisdictions subject to a personal property tax, your property tax rates are tied to your fixed assets. And if you're like most businesses, you are paying too much - we have seven years of asset management data to prove it.
For example, virtually every organization has a ghost asset problem - assets that no longer physically exist within the organization yet remain on the books. Our independent analysis shows that 10% to 30% of the fixed assets recorded by a typical organization are in fact ghost assets. These ghost assets negatively impact everything from depreciation schedules to insurance payments, personal property tax rates and even earnings calculations.
Incorrect information and errors in fixed asset inventory data are a near universal problem - resulting in significant and unnecessary personal property tax overpayments of 8% to 20% for businesses.
With a personal property tax review and related fixed asset inventory and reconciliation (FAIR) you can validate your fixed asset data and dramatically reduce your tax burden. In fact, we're so confident in the hard-dollar benefits we can deliver, our clients can choose a no-risk, contingency-based fee option – which means we save you money, or you don’t pay a thing.
AMR can also complete, submit, and track tax forms on your behalf - ensuring timely filing and reducing your administrative headaches.
Our customer success stories are proof positive of our expertise in mitigating property taxes.
Take control of your fixed assets – contact Asset Management Resources by completing the form below or call 877-401-4639. Once submitted, your information will be sent to an AMR professional in who will contact you to discuss your inquiry.
We value your privacy and will keep all your information completely confidential.
This form is Personal Property Tax for Business inquiries only. If you are searching for "residential property tax" please contact your local Tax Assessor.
After 16 years of experience, 65% of fixed asset data is usually inaccurate and incomplete.
Quickly learn if a material weakness potentially exists related to your fixed asset Sarbanes-Oxley compliance.
Dispel any uncertainty about the financial accuracy of your fixed asset records.
and gain tax reductions and improved management of data.