PVS secured $240,000 in property tax savings for a hospital by correcting assessed values and presenting compelling evidence.
Saving $89K for a Distribution Warehouse in Wisconsin
March 28, 2025
$240K in Property Tax Savings for a Hospital
Executive Summary
PVS was hired to file a personal property tax return for an existing hospital for the first time. Through the appeal process, PVS achieved a $240,000 savings in personal property taxes for the hospital.
Challenges
PVS submitted a business personal property tax return requesting a substantially lower value than had been assessed in prior years, while a local employee at the hospital also submitted a return with a value more in line with the prior year’s assessed value. In addition to providing an argument as to why the value should have decreased significantly from the preceding year, PVS also convinced the assessor that the PVS return was more accurate than the return prepared by the local employee at the hospital.
How PVS Helped
PVS attended the local hearing and then hired and worked with an attorney to file the necessary paperwork for litigation. PVS also prepared information tying the PVS return to the balance sheet and details on how the requested value was calculated, including PVS’ tax savings methodologies.
Results
The appeal was settled informally before trial. After providing the necessary evidence, the account was reduced to an amount close to the original value PVS requested — a savings of approximately $240,000 in property tax dollars.
