Reduce Your Business Property Taxes & Maximize Property Tax Incentives

Date: 
Wednesday, February 6, 2013
Time: 
9:00 a.m. - 2:00 p.m.
Location: 
Walsh College, Novi

This comprehensive, full-day seminar will help you reduce your business property taxes. You will learn:

  • How to recognize an assessment that is too high
  • How to avoid personal property statement over-reporting
  • The different deadlines applicable to different property tax problems
  • Practical tips for fixing property tax problems without litigation
  • How to make the most of property tax-based incentives, such as abatements and personal property exemptions
  • How to navigate the alphabet soup of economic development agencies and incentives
  • The recently enacted personal property tax reform law: what you'll need to do to take advantage of it

AGENDA – REDUCING PROPERTY TAXES

  • Assessing practices and how to influence them
  • Truths and myths about the fair market value standard
  • How assessors misapply the fair market value standard
  • The taxable value cap: How it works and how assessors try to get around it
  • Appeal procedures: Tips and traps
  • Avoiding litigation: How to negotiate with assessors and the Board of Review
  • OINC: Omitted/incorrectly reported property
  • Personal property: unique rules on reporting and assessing
  • Classification rules: why they matter now and how to use them to your advantage
  • New exemptions and credits for personal property
  • New cases making Board of Review appeals trickier

AGENDA – MAXIMIZING PROPERTY TAX INCENTIVES

  • What the government doesn’t tell you about incentives (but you need to know)
  • Little known incentive traps and how to avoid them
  • Incentives: know what’s negotiable and what’s not
  • Dealing with down-sizing, relocations and other unanticipated changes after you get the incentive
  • How to squeeze the most benefit out of each incentive
  • Property tax abatement: The unwritten rules you need to know

New this year: Submit your questions in advance (via email to ammonj@millerjohnson.com) to ensure your questions are addressed!