Property Tax

Money Magazine
"The slightest error can cause a dramatic difference in your property assessment and can go
for years without getting caught. The onus is placed on the property owner to ensure the
correct assessment is made. Every property should be evaluated at least every 3 years."

PROPERTY TAX AUDITING

AmCorp's Property Tax Audit service provides you with experienced property tax professionals to manage all aspects of your property tax audit. We work directly with the taxing authority as your partner. Our goal is to provide you with an alternative solution to managing the audit in-house, which can be a daunting task for overburdened tax departments.

Property tax is an ad valorem tax that a business owner is required to pay on the value of the property being taxed. There are three types of property: Land, Improvements to Land (immovable manmade objects; i.e., buildings), and Personal (movable manmade objects i.e., vehicles, inventory, furniture, fixtures etc.). Real estate, real property or realty is all terms for the combination of land and improvements. The taxing authority requires and/or performs an appraisal of the monetary value of the property, and tax is assessed in proportion to that value. Forms of property tax used vary between counties and jurisdictions.

AmCorp's Property Tax audit identifies and recovers revenue lost by way of government tax payment over billing on real and personal property. This is done by carefully analyzing previous tax year's filings, records and payments and identifying tax saving opportunities that we have developed through years of serving clients. Real and personal property tax overpayments can usually be recovered for up to three years back when we can identify and apply assessment issues and/or valuation errors.

Our experts thoroughly analyze your property tax bills where they review the accuracy of the current and past data. They seek to identify both assessor and taxpayer errors, missed assumption and alternative valuation approaches. They provide the client with a detailed report highlighting potential opportunities for tax reductions and verify the legitimacy of the additions, exclusions or changes and gather documentation for support. Once the client approves the information our expert will then submit the claim with the taxing authority and monitor the process until the client has secured their tax refund, credit and/or savings.

Our process ensures only legitimate refunds are pursued. And, it ensures the client receives the most beneficial education to avoid future overpayments.