Personal Property Tax Compliance
Paradigm is uniquely qualified to service your personal property compliance and consulting needs. Our team has an exceptional track record with national portfolios and consistently displays the requisite mix of technical knowledge, understanding of local market nuances, and the aggressiveness it takes to ensure timely compliance with a focus on tax savings. We work closely with our clients and consistently communicate the status of the engagement, resulting in a client retention rate exceeding 98%.
Compliance Engagement Industries
Paradigm has several hundred Current Personal Property Compliance Engagements with specialized industry expertise that include:
Office
Healthcare
Hospitality
Retail
Data Centers
Self-Storage
Multi-Family
Complex Industrial
Financial Services
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Schedule a Free Compliance Consultation
Nationwide ExpertiseProven Compliance Process
One of the primary Paradigm differentiators is the strength of our proven compliance process to ensure appropriate controls are in place to accurately and timely file the renditions. Our local and subject matter industry experts review the business personal property renditions and values for opportunities to embed savings opportunities into the filings. While most engagements are serviced through one of our two core compliance centers in Atlanta or Dallas, complex personal property engagements are assigned to our specialized complex consulting and compliance teams across the nation. Our professionals have an average of 17 years property tax experience and are well-versed in current rules and regulations, abatement and exemption opportunities, reporting methodology, return due dates, and appeal deadlines.
Key Compliance Objectives
The key objective of our personal property compliance process is simple: to file renditions in a timely manner and ensure a fair and reasonable valuation and tax.
Continuously monitor deadlines and rendition progress
Step 1
Reconcile source data to property tax system data
Step 2
Identify any changes in locations/accounts
Step 3
Classify the assets to minimize tax liabilities
Step 4
Complete forms and supplemental information
Step 5
Perform a year-over-year reconciliation to identify anomalies
Step 6
Complete other required data
Step 7
Identify and apply any exemption opportunities
Step 8
Secure applicable management and client reviews
Step 9
Deliver timely renditions to the assessing jurisdiction
Step 10
Respond to assessor inquiries
Step 11
Review resulting assessment for reasonableness
Complete
Seamless Technology Transition
We are long-time power users of two market leading property tax systems with in-depth knowledge of the nuances within both platforms. Our process helps to seamlessly transition the data from your current property tax system to Paradigm's instances of PTMS or OneSource.
Business Personal Property Tax Compliance Outsource Case Study
Services Provided
Property Types
Locations
Number of Returns
Our compliance processes are subject to controls and testing of SSAE 18 SOC 1 standards.
Testimonials
Paradigm's team delivered excellent results over many years servicing our account. Their knowledge of the local market, highest level of client service, and ability to apply their knowledge and experience to specific situations resulted in significant tax savings and refunds for the Company.
Senior Vice President
