Paradigm Tax Group offers more than traditional property tax appeal and compliance services. Our managing consultants are experts in obtaining savings for our clients by finding property tax minimization scenarios related to pollution control exemptions and credits, purchase price allocation solutions to minimize initial assessment, and asset tagging services to assist clients in machinery and equipment location, classification and reporting. Below is a more descriptive explanation of each service:
In order to meet clean air and water quality standards, many states encourage investments in and provide multiple tax exemptions for equipment designed to control and reduce pollution. Paradigm Tax Group’s Pollution Control experts possess a unique knowledge of the process of identifying a client’s existing pollution control equipment and securing the multi-tax benefits associated with that equipment. Paradigm Tax Group offers a three phase Pollution Control Program beginning with feasibility, followed by identification and certification of pollution controlling assets with proper authorities. The final step is verification which includes providing exemption documentation and assisting the client with filing exemption applications. Paradigm Tax Group experts can be with you every step toward verification and exemption.
Most assessing authorities consider the sale price of a property to be the best indication of market value. It is, however, common practice for a commercial or industrial building sale price to reflect more than just the real property component of the transaction. Paradigm Tax Group’s Purchase Price Allocation experts specialize in extracting assets such as personal property and other intangibles that are not part of the real property from the reported sale price. This results in an assessment below the sale price, thus saving significant tax dollars for the duration of ownership. Our experts have experience in providing Purchase Price Allocation services for many property types including retailers, hoteliers and manufacturers.
Meticulous record keeping is essential in minimizing a company’s tangible personal property tax burden. Many of our clients have benefited from Paradigm Tax Group’s Asset Tagging service to assist in not only keeping accurate records, but also controlling the location of assets and maintaining consistent and compliant valuation schedules. Taxing authorities look for consistency in reporting and asset classification within the rules and regulations of its jurisdiction. A Paradigm Tax Group expert is trained to inventory, classify and report assets to authorities that are consistent, accurate and within jurisdictional regulations.
Involved in a property tax dispute? We can assist your attorneys and expert witnesses so that you can put your best case forward and present your position in the most favorable approach.