Removing a $5M Over-Assessment for a Surgery Center

Executive Summary

For the 2024 annual assessment of a surgery center, the county assessor added over $5M to the value of a business personal property account. PVS appealed the account’s value and settled the appeal informally for a property tax savings of $94,000.

Challenges

The appeal process can be complex, no matter how simple the case may appear. Assessor’s offices are often short-staffed with limited resources, and appraisers may request hard-to-get information to settle an appeal, especially when the requested value is materially lower than the value proposed by the assessor’s office.

How PVS Helped

PVS acquired a breakdown of how the county determined the surgery center’s equipment value and determined that the $5M over-assessment was due to an incorrect valuation of inventory and supplies. PVS appealed the value to get the added inventory and supplies removed from the account.

Results

PVS settled the appeal at an informal conference with the assessor’s office and got the additional $5M in inventory and supplies removed, resulting in a $94,000 property tax savings for the surgery center.

PVS successfully uncovered and resolved a $5 million over-assessment for a surgery center, securing $94,000 in property tax savings through an efficient and proactive informal appeal process.

Recent Case Studies