Business Personal Property Tax Consulting

Don’t let your tangible personal property taxes burden your bottom line. Let our experts manage the process and achieve the lowest assessment possible.

Contact a Business Personal Property Consultant

Talk to a Business Personal Property Consultant

What is the Difference Between Personal Property and Real Property?

Personal Property

Personal property tax specifically focuses on all the tangible property a business owns that does not include real estate. It’s a tax on movable assets, generally covering machinery, equipment, furniture, and computers. Personal property is typically assessed based on its original cost and how its value depreciates over time. Tax assessors consider factors like the asset’s age, typical useful life, and how it's used in the business when determining its taxable value.

Get Help with Your Personal Property

Real Property

Real property tax specifically focuses on the real estate a business owns. It’s a tax on immovable property like land, buildings, and structures. It's typically calculated based on the property's assessed value, which is determined by local government assessors. They evaluate factors like the property’s location, size, and any improvements made. Properties are reassessed periodically to reflect changes in market conditions or alterations to the property.

Get Help with Your Real Property

I want to thank Clearview for immediately being on the ground and assuming responsibility for our compliance and consulting needs. With Clearview leading the effort while I was away, our management team quickly grew comfortable with Clearview's capabilities and quality of the work product, which was essential given the challenging circumstances the company had encountered. We will not hesitate to again choose Clearview should a future need arise or to recommend the firm to other companies.

Doug Brown

Tax Manager

GEA Systems North America

Appeal Your Personal Property Assessment

Tangible personal property is assessed differently from state to state, county to county, and even town to town. Let us review your assessment to ensure you’re not overpaying or being double assessed!

We’ll start by focusing on these three main areas to determine if you need to appeal your assessment.

Asset Classifications and Depreciation Factors

We’ll examine the asset classifications and depreciation factors applied by the assessor, which are used as the basis for your assessment and tax calculations. Sometimes, the assessor may not have used the classifications you submitted on your return, or what they used just doesn’t make sense for your assets. This may warrant an appeal.

Fixed Asset
Validation

We’ll also review and assist with validating your fixed assets to confirm location and existence. Whether you have one location or hundreds, maintaining an accurate listing of assets on hand can be tricky for internal teams with many other responsibilities. Since those assets are the basis for your filings, we’ll help you ensure they are accurate.

Real Property
Assessment

We’ll review your personal property and real property assessments in tandem to ensure assets are accounted for on the correct assessment roll. That way, we can ensure you’re not paying taxes on the same property improvements twice, once on the personal property roll and once on the real estate roll.

How We’ve Helped Business Personal Property Clients

Is your Tax Department overwhelmed by all the statutes and guidelines it has to track for your personal property tax? This can be time-consuming, especially when you don’t have in-house personal property tax expertise.

Don’t worry, you’re not alone. See how we’ve helped clients just like you successfully file returns and even save money on their assessment with an appeal.

Multinational Food and Beverage Corporation

Secured over $70K in tax refunds for multiple years by appropriately reclassifying fixed assets previously filed incorrectly by another compliance provider.

World-Wide Automotive
Manufacturing Company

Generated over $580K in tax savings to date through cost allocations and removal of non-taxable fixed assets on the business personal property renditions.

Senior Living Facility with
Multiple Locations

Applied for and secured personal property tax exemptions based on corporate entity structures, saving more than $115K in tax dollars.

STATE AND LOCAL TAX

FAQs

How We Help

We Provide a Variety of Business Personal Property Services

Meet Your Personal Property Tax Advisor

Megan Lusby

Director

Personal Property Tax

Megan is a Director in the State and Local Tax (SALT) Practice at Clearview Group and leads the personal property tax service. For over 25 years, Megan has been working in state and local tax, most heavily focused on personal property matters, with experience in consulting for clients and working in the industry. Her property tax expertise spans retail, grocery, distribution, hospitality, entertainment, publishing, and manufacturing. Her experience also focuses on helping clients minimize their property tax burden, including areas of consulting and appeals, valuation analysis, audit defense, budgeting, and compliance.

Megan has also been a presenter and moderator at numerous industry and collegiate seminars and webinars on matters of state and local tax, real and personal property tax, business administration, and best practices.

Megan is a member of the Institute for Professionals in Taxation (IPT), the Council on State Taxation (COST), Commercial Real Estate Women (CREW), the Project Management Institute (PMI), and MACPA. She is also an active volunteer in her local community, focusing on youth athletics and nutrition for the hungry.

Connect with Megan on LinkedIn

Business Personal Property Tax Consulting

Talk to a Business Personal Property Consultant

What is the Difference Between Personal Property and Real Property?

Personal Property

Real Property

Appeal Your Personal Property Assessment

How We’ve Helped Business Personal Property Clients

FAQs

We Provide a Variety of Business Personal Property Services

Meet Your Personal Property Tax Advisor

State and Local Tax Resources

See what a relationship with Clearview can do for your business.

Business Personal Property Tax Consulting

Talk to a Business Personal Property Consultant

What is the Difference Between Personal Property and Real Property?

Personal Property

Real Property

Appeal Your Personal Property Assessment

How We’ve Helped Business Personal Property Clients

FAQs

We Provide a Variety of Business Personal Property Services

Meet Your Personal Property Tax Advisor

State and Local Tax Resources

We also help businesses with:

See what a relationship with Clearview can do for your business.