PVS was able to secure an average of $200-$250 per projector, totaling more than $4.4M in savings.
Texas Hospital Saves $34,000 in Taxes
February 12, 2025
Saving $4.4M in Property Taxes for Movie Theaters
Executive Summary
During the first two years of the mandatory digital projector transition for movie theaters, PVS signed/engaged a joint venture with the top three largest movie theater companies in the U.S. and used their methodologies for revaluing high-tech equipment to save them $4.4M in property taxes.
Challenges
During the transition, these new assets were leased from their joint venture company formed to install and maintain these projectors. PVS’ ASA Equipment Appraisers contacted and worked with the manufacturer of the projectors, including visiting a local theater to analyze one of the actual assets, to identify how they can revalue the equipment and lower the leasing company’s property tax liability that would be passed through to these movie theater companies.
How PVS Helped
PVS filed returns for thousands of movie theaters specific to each leasing company. PVS appraisers collaborated with manufacturers and analyzed assets on-site.
Results
PVS was able to secure an average of $200-$250 per projector, totaling over $4.4M in actual property tax savings for the newly installed equipment.
