Complex Property Tax Consulting

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Thomson Reuters property tax consultants develop effective strategies to manage and reduce property taxes in industries with complicated property tax needs. Our complex property tax team is comprised of over 70 subject matter specialists with deep understanding of industry conditions and state/local assessment practices.

We have gained the trust of clients to meet their unique industry property tax needs. Our property tax consultants average over 20 years of experience in the industries they serve.

We specialize in the following major industries:

  • Manufacturing
    • Chemicals
    • High tech
    • Materials
  • Utilities
    • Investor-owned electric utilities
    • Non-regulated electric generation
    • Pipelines
    • Gas distribution companies
  • Transportation
    • Airlines
    • Railroads
  • Telecommunications
    • Cable
    • Wireless
    • Wireline

With our complex property tax consulting service, you'll benefit from:

  • A national network of offices with experienced property tax consultants who have established relationships with clients, tax assessors, and peer groups
  • Dedicated property tax consultants with experience in your local property tax jurisdiction
  • Easy access to full-time subject-matter specialists
  • Proprietary software that ensures up-to-date property tax information
  • Comprehensive compliance assistance

Complex Property Tax Consulting

  • Pre-acquisition analysis

  • We estimate property values and property taxes for selected sites, properties, or construction plans associated with new facilities or capacity expansion.

  • Incentive, exemption, and abatement analysis and implementation

  • We work with assessment authorities to establish a basis for valuing properties that are under construction or in initial operation. This includes securing available credits, exemptions, deductions, and abatements.

  • Valuation analysis of intangibles, proposed construction, and obsolescence

  • We identify and quantify nontaxable intangible property and develop a detailed construction cost analysis for all proposed facilities. We can also perform a valuation analysis to properly classify assets and identify depreciation. Then, we can assist you in the valuation appeal process.

  • Cost of capital studies

  • We measure the cost of equity using the discounted cash flow approach, the risk premium method, and the capital asset pricing model. We estimate the relevant cost of debt, cost of preferred stock, and typical capital structure to reflect the required rate of return for that industry.

  • Pollution control exemptions

  • We can document the pollution control equipment certifications needed to claim available tax exemptions. Subsequently, we can help you apply exemptions to filings and estimate the related obsolescence and impact on value.

  • Full-service compliance

  • We prepare personal property returns and exemption filings and perform other property tax-related functions such as tax bill review and providing tax reporting tools.

  • Appeal services

  • We provide appeal services, litigation support, and mediation services, including expert witness testimony.

  • Additional consulting services

  • Other property tax services:

    • Evaluate the impact and opportunities associated with property tax code changes
    • Analyze construction work in progress on the lien date to ensure an accurately reported tax basis
    • Review accounting records to determine that property retirements are reflected in property tax returns

Contact us to see how the complex property tax consulting service of ONESOURCE Property Tax can help lower your tax costs