Audit Tax

Are Your Under A Property Tax Audit?

Property Valuation Services has been handling the most complicated audit cases for more than two decades. We always put our clients first. Let us show you.

Why Choose Property Valuation Services?

Business personal property tax audits can create large tax liabilities as well as large levels of anxiety. Let experts help you.

Expertise

PVS handles hundreds of Business Personal Property Tax Audits every year for our clients.  We have been working property tax audits for decades and know what information to provide to an Auditor, how to protect your rights, as well as how to minimize your liabilities. Whether you were just pulled for audit, we can help you through the process, or if you have already received audit findings and would like for us to review those for reductions, PVS is here to help in any way you deem our services beneficial.

Financial Impact

 A Business Personal Property Tax Audit can result in unexpected tax liabilities, penalties, and interest that can cause irreparable harm to a company’s financial situation.  PVS knows how to manage an audit, protect our clients from Auditors’ attempts to step outside their scope, double check all mathematical calculations, and limit what potential liabilities an Auditor can assess.  We often save our Clients significant tax dollars, not to mention penalties and interest that can accompany these liabilities. 

Time Burden

Auditors typically request an unnecessary amount of information to perform an audit, require unreasonable time commitments from the taxpayer, and drag audits out longer than they have to be.  The combination of phone, email and formal letter correspondences, confusing requests, and constant questions can create a burdensome time commitment for you and your staff.  PVS knows what the auditor needs, can facilitate all requests, become an intermediary for the transfer of information, and extensively mitigate the time burden of this audit for you. 

OUR GUARANTEE

We house experts in BPP Audits, a licensed ASA Equipment Appraiser to defend lower asset values and a team of over 50 experts composing one of the largest boutique property tax consulting firms in the country. We have worked with the U.S.’s largest hospital corporations, manufacturing facilities, movie theaters, restaurants, businesses and more.

We have handled over 2,000 audits for our clients. We’ve built strong trusting relationships with auditors across the country as well as with third party audit firms that are often hired by assessor offices . If you have been pulled for an audit, there is a great chance that we can help you.

Our Approach

We house experts in BPP Audits, a licensed ASA Equipment Appraiser to defend lower asset values and a team of over 50 experts composing one of the largest boutique property tax consulting firms in the country. We have worked with the U.S.’s largest hospital corporation, manufacturing facilities, movie theaters, restaurants, businesses and more.

Case Study: Handling A Three-Year Personal Property Audit

 In 2019, PVS was asked to work with an auditor regarding an audit for tax years 2015 to 2017. The facility is a surgery center in the state of Connecticut. The initial audit findings showed an increase of value in the amount of $1.1M for the 2015 – 2017 years.

Download Case Study

After reviewing the findings and discussions with the county auditor, the increase of $1.1M was changed to a credit of $123K for a decrease in value of $1.2M or approximately $27K in tax.

Business Personal
Property Audit Process

  • List of items that need to be submitted to the auditor by a specific date.
  • Information is gathered and submitted to the auditor.
  • The auditor reviews the information submitted.  Typically, there are discussions at this point and possibly some questions requiring clarification or requesting additional information.
  • The auditor will issue their findings – which may include an increase or decrease to the assessment or may result in no change.  If the opportunity is available and warranted, the findings may be appealed.
  • If the audit results in findings, a supplemental tax bill or refund will be issued.

Testimonials

Richard B. Lee

Property Valuation Services has been working for our organization since 2013 performing property tax compliance and appeal functions.  PVS has always performed their work in a trustworthy and professional manner with well trained staff that communicate effectively.  All property tax matters are handled promptly with accuracy and in the best interest of Tenet Healthcare.

Tenet Healthcare

Director, Property Taxation

Anita Aluotto

Property Valuation Services has been working for our organization since 2011 performing all property tax compliance, appeal and audit functions.  PVS has always performed their work in a trustworthy and professional manner with well trained staff that communicate effectively, which allows me to focus on other areas of need within the Tax Department.  All property tax matters are handled promptly with accuracy and in the best interest of Acadia Healthcare.

Acadia Healthcare Company

Tax Director

Robert Frutiger

Former senior corporate tax officer of a growth company operating hospitals and healthcare facilities in varying geographical regions.  While actively leading the company’s tax function, PVS was our primary property tax consulting firm.  It was critical to our success to partner with the local communities we operated within and that included Property Tax Assessors. PVS did outstanding work in a deliberate and ethical manner assisting our hospital management teams in paying a “fair” property tax.

Retired, Former Senior Corporate Tax Officer

William Meek

We have been a client with PVS since 2017.  I would say that since that time PVS has become a vital part of our team.  We think of their team as an extension of our own workforce, and they act like it.  They are always quick to reply, happy to work with us for changes we need, and provide us with timely, accurate information at what I would call a very reasonable price.  Since working with PVS, we have significantly reduced our time spent and number or errors in collecting, accruing, and paying our property tax bills and managing those bills that go to our clients.  In addition, we have had a very significant reduction in late fees assessed against us and saved thousands on property tax appeals that we might otherwise not have even known how to navigate.  If you are looking for real estate tax services I would greatly recommend PVS to take care of you.

Community Healthcare Trust Incorporated

Accounting Manager

Greg Hoefer

“Tutera Senior Living and Health Care is an owner, developer and manager of 70 senior living communities in 8 midwestern and southern states, which has utilized the services of PVS since 2003. PVS knowledge of the senior living care industry continues to provide us a level of confidence that our communities are fairly assessed. Their research and consulting services have provided our group useful information for consideration on numerous transactions. Our group considers PVS as a valued resource in the management of our communities.”

Tutera real estate

Executive VP Real Estate

Vibra Healthcare

“Vibra has been a client of PVS for many years. We have been very satisfied with their attentiveness, responsiveness and results.”

Chief Financial Officer

National Real Estate Investment Firm

“Dealing with real estate tax assessments for commercial properties around the country was a challenge for a small company like ours before we started working with PVS. Their excellent service, professionalism and consistent communication has allowed us to focus on other aspects of real estate ownership and management and let the experts handle our tax appeal needs.”

Property Asset Manager

Craig Pickard

“Community Health Systems Professional Services Corporation has utilized Property Valuation Services in their property tax matters since 2002. Over the years they have developed a very personalized relationship with our company. Their work on various high profile cases has shown a high level of integrity while striving to maintain our company’s best interests. Attention to detail, communication, timely and courteous response to requests and reliability are just a few words that describe PVS.”

CHSPSC, LLC.

Senior Vice President, Corporate Taxation

Dave Courtney

“Ardent Health Services has utilized Property Valuation Services (PVS) for 15 years because the work and Services are best in class. I’m not aware of any other property tax firm that has the level of industry knowledge. The tax-savings generated annually by PVS would be enough on its own for our continued relationship, but PVS has become our go-to firm for property tax research, consulting, and due diligence as well.”

Ardent Health Services

Vice President, Tax

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