Personal Property Tax Services
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.
Assets that check in don’t always check out
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.
Reduce your taxes – risk-free
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%.
With a personal property tax review and related fixed asset inventory and reconciliation (FAIR) from AMR, 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.
Our personal property tax consulting and review services offer:
- A complete FAIR , securing accurate, detailed and strategically classified information about your fixed assets
- Identification of tax-exempt assets and those with reduced tax rates through cost componentization
- A clear audit trail with detailed documentation to support any adjustments
- Identification of additional tax exemptions such as pollution control
- Ongoing support to maintain data accuracy and tax savings from year to year
Tax filing services
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 us or call 877-401-4639.