Episode 16: Why Business Property Taxes May Be Increasing and What to Do About It
During periods of disruption and tax revenue declines, state and local governments often look for other means to generate tax revenue. With real and business personal property, this often manifests as tax rate increases or more aggressive assessment practices. Business owners may find themselves with a higher-than-expected real or business personal property tax bill coming out of the COVID-19 pandemic. Rich Hermes, our Real & Personal Property Tax practice leader shares what business owners need to know about this situation, including:
- Definitions of real and business personalproperty
- How states assess real and business personalproperty tax
- What business owners can do if their propertytax assessment does not match their records
- How property taxes can be adjusted
- Timing considerations for a business personalproperty tax appeal
|Guest: Rich Hermes, Managing Director, Real & Personal Property Tax |
Rich is the national leader for CBIZ’s Real and Personal Property tax division and has more than 35 years of property tax experience.
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