Healthcare Personal Property
Compliance Services I Assessment Tracking I Property Tax Bill Approvals I Audit Defense
Healthcare Personal Property Tax Consulting for Savings
Managing personal property taxes can be complex and daunting for healthcare organizations. Without specialized assistance, you risk incurring excessive property tax liabilities and missing potential property tax savings. These financial consequences can divert funds from essential services like patient care and facility upgrades.
Expert Guidance in Healthcare Property Valuation
Property Valuation Services (PVS) recognizes the distinct nature of healthcare properties, from hospitals to imaging centers and other medical facilities. Our dedicated team of valuation professionals, with 26 years of industry experience in property taxation and healthcare operations, ensures our clients pay only their fair share of property tax.
PVS was established by individuals with a profound mix of expertise: one founder brings a solid foundation from serving as the in-house corporate tax manager of the largest hospital corporation in the United States. Another founded his own mobile medical/diagnostic service company, eventually selling it to a public entity. His executive-level position within a national imaging corporation gave him valuable insights into client needs. Adding a third key member, who has appraised over 400 hospitals in addition to thousands of medical office buildings, psychiatric and rehab hospitals, surgery centers, and more, and holds esteemed MAI designations from the Appraisal Institute, as well as the ASA in real property, ASA in appraisal review and management from the American Society of Appraisers, and CMI from the Institute for Professionals in Taxation, further cements our ability to deliver precise and equitable property valuation solutions.
They bring a comprehensive blend of expertise to healthcare property valuation. Their valuable insights into client needs and property taxation enhance operational efficiencies and ensure comprehensive and tailored solutions to clients across the healthcare sector.
What are the benefits of seeking consulting for healthcare personal property tax?
Healthcare personal property tax consulting reduces costs, ensures compliance and optimizes resources. It supports strategic financial planning, effectively manages property tax disputes and improves asset management. Ultimately, it enhances operational efficiency and financial health in healthcare organizations, leading to better patient care.
Are your personal property tax assessments too high?
We can help with:
Full Healthcare Property Tax Services
- Cost-Reduction
- Compliance
- Assessment and Property Tax Bill Approval
- Audit Defense
- Property Tax Budget Assistance
- Appraisal Services
- Depreciation Expense Calculation
- Audit and Appeal
- First-time Filing for New or Previously Non-filed Properties
Compliance Services
- Information Request and Review
- Analysis of the Client’s Prior Year Filing
- Analysis of Accepted Value by County
- Data Analysis
- Filing Property Return(s)
- Assessment Tracking & Verification
- Assessment Appeals, if necessary
- Reviewing Property Tax Bills for Accuracy
- Submitting Standardized Approvals for Property Tax Bill Payments
- Semi-Annual Reports
- Property Tax Tracking
- Property Tax Planning
- Client Web Access
Assessment Reduction Services
- Evaluating Past Reporting Methods
- Reviewing Asset Details for Additions, Deletions, Ghost, Idle and Obsolete Assets
- Re-Life Assets
- Segregating, Verifying and Removing Non-Taxable Costs
- Articulating the Justification for Value Reduction to Taxing Authorities
- Approving Value
The Complexities of Healthcare Personal Property Tax Consulting
Healthcare facilities contain complex and expensive equipment essential for delivering life-saving treatments and innovations. However, this specialized equipment and technology often complicate their property tax situations.
Our healthcare property tax consultants understand the multifaceted nature of healthcare personal properties. They meticulously evaluate each asset’s value, depreciation and contribution to patient care. This comprehensive approach ensures accurate assessment and optimal property tax savings.
Beyond Property Tax Reduction: Healthcare Property Tax Consulting
While property tax reduction is a primary goal, our approach transcends mere reduction. We offer holistic healthcare personal property tax consulting. Our work incorporates compliance services, assessment tracking, property tax bill approvals and audit defense.
PVS experts review past filings, track assessments and provide proactive solutions while maintaining compliance with constantly changing property tax regulations.
Property Valuation Services: Your Trustworthy Healthcare Personal Property Tax Consultants
Choosing the right partner for hospital and other healthcare property tax consulting is crucial. Since 1997, PVS prides itself on being the premier choice for healthcare establishments seeking substantial property tax savings without compromising compliance. Our intricate understanding of the healthcare industry’s nuances positions us to advocate for fair property assessments effectively.
Healthcare property tax can be complicated, but the journey becomes smoother with PVS by your side. Our seasoned property tax consultants guide you through the labyrinth of regulations to ensure your property assessments are accurate and reflect your property’s unique characteristics.
Real-World Success: Case Studies in Hospital Property Tax Savings
At PVS, we let our results speak for themselves. We’ve successfully guided numerous hospitals through property tax challenges, achieving substantial savings while ensuring compliance. Our case studies exemplify how our strategic approach to property tax consulting can transform the financial landscape for healthcare establishments.
Experience the PVS Difference
Our healthcare property tax consulting services have a proven track record of delivering results. Allow us to alleviate the burden of intricate property tax management so you can focus on what you do best — serving your patients and advancing healthcare.
When it comes to healthcare property tax consulting, Property Valuation Services is your unwavering partner. With a steadfast commitment to accuracy, compliance and substantial savings, we navigate the complexities of hospital and pharmaceutical property taxation to ensure your establishment thrives while contributing to the welfare of your community.
Experience the PVS difference today.
Deadlines
- Oklahoma Mar 15, 2023
- Georgia Apr 1, 2023
- Colorado Apr 15, 2023
- Texas Apr 15, 2023
Success Stories - Real Results, Real Savings
In the first year of filing a personal property tax return for one of our clients’ hospitals, we secured savings of more than $31,000 with value adjustments for intangible and non-taxable components within the equipment. Read More
PVS reduced the taxable assessment for a Texas imaging center, resulting in $24,000 in savings, by identifying double assessments and ultimately convincing the assessor to remove them. Read More
PVS saved $60,000 in business personal property taxes for one of our clients’ hospitals in Alabama when filing the return for a new replacement facility. Read More
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Testimonials
“Ardent Health Services has utilized Property Valuation Services (PVS) for 22 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.” – Dave Courtney, Vice President, Tax Ardent Health Services
“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.” – Craig Pickard, Vice President, Corporate Taxation, Community Health Systems Professional Services Corporation