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Solving the Problem
Death By A Thousand Cuts
As part of a company-wide initiative to increase efficiency, drive revenue, and manage operating cost, a national dairy producer was searching for ways to better proactively manage their property tax obligations. Every year the company was experiencing small percentage increases in their property tax bills across the country. Eventually as part of a company-wide tax roll up, the company realized that over the years each of the small increases, whether for real estate, machinery or equipment, had accumulated to become a significant expense. As a result the company wanted to have one centralized view of their largest cost of occupancy to start proactively managing the risk of their commerical property taxes.
How they saved millions of dollars & achieved over 60% in value reductions
Commercial property taxes should be more of a priority because the opportunity for savings is much more than people realize.
in Value Reductions
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Millions of Dollars Saved
Determining Fair Market Value
Real Property Tax Advisors (RPTA) worked as a strategic partner to the VP of Tax to identify tax savings opportunities. These included functional and economic obsolescence in addition to physical aging, and operational losses and changes in supply and demand. As part of the process, RPTA spent time with the local plants understanding the manufacturing process and issues that effect, positively or negatively, a plant's performance and value. Teams of engineers, real estate appraisers and equipment valuation experts were brought in as needed to help the taxing authority understand issues impeding top performance and productivity and property constraints, all of which are key to determining fair market value.
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National Dairy Producer
Real Property Tax Advisors (RPTA) is a leader in the commercial property tax industry and the largest woman-owned property tax consulting company in the United States. We are a strategic partner for our clients, helping them develop proactive commercial tax risk management plans. Through our comprehensive knowledge of the commercial property industry, as well as our proven track record of delivering tax savings, we produce consistent and innovative value for our commercial clients.
-VP of Tax