Property Tax Services

Duff & Phelps engages with companies nationwide to provide independent, innovative and results-driven property tax services.

Property taxes are one of the largest recurring operating expenses associated with tangible asset ownership. Owners are often unaware of what items or costs are taxable, what items are being assessed or how their property is being valued. Answering these and other related questions often produce recurring property tax savings for owners and lessees.

We assist clients in identifying tax saving opportunities by reviewing their tangible property portfolio and associated property tax assessments and liabilities. Through our diligence, we generate millions of dollars in property tax savings for clients worldwide.

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Property Tax Advisory Services

Property Tax Advisory Services

Duff & Phelps has been successful in value negotiation/appeals, resulting in appropriate and uniform fair market values, and associated liabilities for clients we have represented in the most efficient, collaborative and high-quality manner. Our services include:

  • Real and personal property tax appeal preparation
  • Property tax audit support services
  • Property tax consulting and support services in the form of equalization and obsolescence studies, cost of capital analyses, and property valuation and classification for real estate transfer tax planning
Property Tax Compliance and Co-Sourcing Services

Property Tax Compliance and Co-Sourcing Services

Duff & Phelps’ Property Tax Compliance team has proven successful over many years in ensuring timely and accurate submission of renditions and payment of the tax liabilities owed for the portfolios which we have represented. Our services include:

  • Fixed asset review categorization and identification of exempt items
  • Personal property tax rendition preparation, filing and follow-up for locally and centrally assessed properties
  • Real estate compliance filings
  • Real and personal property tax assessment review
  • Real and personal property tax bill accuracy review and vouchering
Property Tax Exemption and Abatement Services

Property Tax Exemption and Abatement Services

Duff & Phelps ensures that all available statutory property tax exemptions and abatements are maximized in the value negotiations cycle. Our services include:

  • Pollution control analyses for property tax exemption and special tax purposes
  • Alternative energy exemption certification efforts
  • Freeport exemption efforts
Property Tax Due Diligence Services

Property Tax Due Diligence Services

Duff & Phelps has successfully analyzed potential property tax liability considerations for both greenfield projects and operating projects, to ensure transaction prices realistically incorporate future operating costs related to tax. Our services include:

  • Determine the impact the potential sale price may have on future property tax liability
  • Utilize current assessor relationships to determine assessment of project
  • Address opportunities for property tax abatement available for the project
Property Tax Expert Witness and Litigation Support Services

Property Tax Expert Witness and Litigation Support Services

Duff & Phelps provides Property Tax Expert Witness and Litigation Support Services that are unmatched in the professional services industry due to our extensive work with numerous industries and asset types. Our services include:

  • Rebuttal testimony / counsel preparation
  • Work with legal counsel on case preparation
  • Expert witness / testimony services

Tax Services

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Other Areas We Can Help

Valuation Services

Valuation Services

Objective valuations for financial reporting, tax and management planning purposes.

Valuation Services
Real Estate Advisory Group

Real Estate Advisory Group

Leading provider of real estate valuation and consulting for investments and transactions.

Real Estate Advisory Group
Valuation Services

Tax Valuation

Tax valuation and consulting in connection with transactions, compliance, planning and disputes.

Tax Valuation
Disputes Consulting

Tax Disputes

Assistance in tax and regulatory litigation and investigations.

Tax Disputes

Insights

State and Local Tax

Keeping It Real…Or Personal: With Property, What’s the Difference?

State and Local Tax
State and Local Tax

COVID-19 Impact on Commercial Property Taxes – The Bad, the Good and the Ugly

State and Local Tax
State and Local Tax

Managing Property Tax Pollution Control Certification Efforts During COVID-19

State and Local Tax
State and Local Tax

Coronavirus and Property Tax – Cook County Assessment and Appeal Changes

State and Local Tax

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