$1M Savings for Texas Health Care System

Executive Summary

PVS filed the business personal property tax renditions using their in-house tax savings methodologies for a health care system in South Texas. The proposed values from the Appraisal District were appealed and resolved through mediation.

Challenges

To identify assets with intangible components, PVS had to review and classify asset listings for five hospitals and several ancillary items and compare it to our in-house database of high technology medical equipment for the appropriate adjustments. PVS also had to determine the appropriate depreciation schedule for each asset.

How PVS Helped

PVS prepared personal property renditions that identified components of certain pieces of equipment as either intangible or non-taxable and thereby reduced the taxable base and moved a large portion of assets to a faster depreciation schedule, both of which resulted in lower taxes assessed.

Results

PVS was able to secure over $1,000,000 in savings for the client.

We achieved a savings of $1,000,594 for one of our client’s health care systems in South Texas after
appealing and litigating their personal property tax values.