Duff & Phelps to Sponsor and Speak at COST Property Tax Workshop 2019

The Duff & Phelps Property Tax Services practice is a proud sponsor of the Council on State Taxation’s (COST) 2019 Property Tax Workshop, which will be held September 30-October 2, 2019 in Las Vegas, Nevada.

This year’s annual workshop, held in cooperation with the International Property Tax Institute (IPTI), will provide an in-depth review of the current developments in property tax legislation and litigation throughout the United States, as well as recent property tax trends and opportunities to make sure your business’s property is not over taxed. 

Learn more about the COST Property Tax Workshop 2019

View the complete agenda here.

Norman Quinn, Managing Director in Duff & Phelps’ Property Tax Services practice, will speak on the breakout session titled, “Give me the Details – A Deep Dive into Complex Valuation Issues” on Tuesday, October 1 at 10:30 a.m. The session will explore and explain the more intricate issues involved in valuing business properties for tax purposes. As with most issues, valuation methodologies are simple in concept but quickly get more complex in practice. This session will attempt to simplify that complexity at an advanced level.

David Perkins, Director in the Property Tax Services practice of Duff & Phelps, will speak on the industry breakout session titled, “Manufacturing Companies – Effective Inputs to Prevail on Valuation Issues” on Tuesday, October 1 at 3:35 p.m. The session will cover issues that many manufacturers face – segregated vs. calculator method, methods of quantifying obsolescence, inclusion of entrepreneurial profit, challenging an assessor's RCNLD valuation, along with being labeled as special purpose property for value-in-use valuation versus value-in-exchange. The session will also address how best to challenge these issues and obtain a valuation more reflective of the assets’ actual values.

Additionally, Ruben Miranda, Director in Duff & Phelps’ Property Tax Services practice, will speak on the industry breakout session titled, “Best Practices for Getting Fair High-Tech Property Valuations” on Tuesday, October 1 at 3:35 p.m. High Tech Property has unique property tax issues, as it differs from and often operates in ways not contemplated when the existing property tax rules/statutes were promulgated. As a result, assessors often refuse to allow faster depreciation and obsolescence on these assets and include them without reflecting their rapid declines in value. This forces owners of high-tech property to be creative in their methods of valuation and how they present it to assessors. Additionally, issues related to the valuation of exempt property in some states such as software, intangibles, campus properties and data centers are common and will be covered in this session.