Maximize your efficiency with Business Personal Property

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Maximize
your e?ciency with Business Personal Property
www.poconnor.com
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Business
Personal Property Taxes
If you are a business owner who owns a building,
land, or property, you will be probably familiar
with business property taxes. In any case, you
might be liable for paying business personal
property taxes in addition to your other taxes.
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Why Is
Personal Property Valued? There are a fairly
consistent set of reasons people require
valuation of business personal property
including Accounting / depreciation Impairment
of value Casualty loss Business valuation
Business dissolution Divorce Estate taxes
Property taxes
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Methods For Valuing Personal Property

• Cost Approach
• The cost approach is an appropriate valuation
  method. It is based
• on the assumption that the cost of a property
  should be equal to the cost of building a
  similar property from scratch.
• Income Approach
• The income approach is used to value leased
  property. The income
• approach simply considers the quantity and
  quality of the income stream that an asset is
  expected to deliver.
• Sales Comparison Approach
• The sales comparison approach for real estate is
  based upon the
• hypothesis that it is possible to generate a
  credible opinion of value based upon reviewing
  the sales price of similar properties and making
  adjustments for the di?erences from the subject
  property.

There are three primary approaches
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3 major mistakes in valuing BPP
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Using inaccurate depreciation tables
Taxing on intangible personal property
Encouraging property owners to include
inappropriate costs
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Enroll today in the Business Personal Property
program and get to know your potential tax
savings
www.poconnor.com