Healthcare Personal Property

Securing Property Tax reductions, abatements and refunds for Healthcare Properties is our specialty. However, as a tax consulting firm, PVS has the knowledge to accurately review, advise and achieve the best possible result in the best interest of our client. The best possible result does not always mean a reduction in taxes. General tax consulting services include:

  • Reporting property value for an undervalued property
  • First-time filing for a new or previously non-filed property
  • Source of information for your accountants
  • PVS as an extension to your existing tax department
  • Audit exposure savings

Are your personal property tax assessments too high? Does your current tax specialist know the medical field?

Property Valuation Services employs Healthcare Professionals who have operated, serviced, sold and managed healthcare related facilities and equipment. This knowledge coupled with the expertise of our experienced staff of Tax Professionals, to include previous Healthcare Property Tax Portfolio Managers, clearly gives PVS the right to stake its claim as the “Personal Property Tax Specialists in Healthcare”. Let us show YOU how we can reduce YOUR taxable liability this year and every year to follow.

Full Personal Property Tax Representation Services:

  • Cost-Reduction Services
  • Compliance Services
  • Assessment and Tax Bill Approval
  • Audit Defense
  • Tax Budget Assistance
  • Appraisal Services
  • Depreciation Expense Calculation Services
  • Audit & Appeal

PVS Philosophy

The significance is in knowing how a machine works, what makes it work and knowing from the asset description whether an asset is a computer, general medical equipment, software or furniture and fixtures. Your local certified public accountant or general tax-consulting firm cannot make these distinctions.

Audit & Appeal

Business personal property taxes are subject to an audit process by the taxing jurisdiction. In addition, taxpayers are at liberty to protest the business personal property assessment through an appeal process. PVS represents our clients in and through this intricate and time consuming process.

Compliance Services

Compliance is the most commonly used term for the general reporting of business personal property, to include:

  • Information Request and Review
  • Analysis of client’s prior year filing
  • Analysis of the Value as accepted by County
  • Data Analysis
  • Filing of Property Return(s)
  • Assessment Tracking & Verification
  • Assessment Appeals when necessary
  • Reviewing Tax Bills for Accuracy
  • Submitting Standardized Approvals to Pay Tax Bills
  • Semi-Annual Reports
  • Tax Tracking
  • Tax Planning
  • Client Web Access

Assessment Reduction

PVS provides a thorough evaluation of each property to identify potential areas of reduction:

  • Evaluate Past Reporting Methods
  • Review Asset Detail for Additions and Deletions as well as Ghost, Idle and Obsolete Assets
  • Re-Life Assets
  • Segregate, Verify and Remove All Non-Taxable Costs
  • Articulate the Justification of a Value Reduction to the Taxing Authorities
  • Approve Value