It's simply a fact. Over 90% of all Golf Courses and Private Clubs, across the country, are Paying Too Much
Property Tax!
Property Tax!
Helping You Determine Your "Fair" Share
What We Do
Golf Tax, acting in partnership with Tax Profile Services, Inc., will begin the data collection process needed to start an accurate revaluation of your course/club, adhering strictly to guidelines established by the Appraisal Industry and fully compliant with Generally Accepted Accounting Principals.
We do not rely on any one "ruling" such as the Fun Time, Inc decision. That approach is just not sufficient to meet the burden of proof required of the taxpayer.
Representatives with GT will meet with you and key members of your staff to conduct fact finding interviews. We will assist you in completing property questionaires, gather pertinent financial information, make initial contact with the local taxing authorities, all the while helping you understand the basics of the valuation process.
Once the initial information has been compiled and a legitimate value has been determined, our goal is to work with the county authorities proactively and prior to the property values being determined and issued to the property owners. If we are successful at this stage, and the values we present are agreed upon by the county, then an appeal will not be necessary. If we are not successful at this "informal" stage of revaluation, and the values are determined and issued contrary to the evidence we present, TPS can then begin the appeal process if it's deemed fiscally prudent in your situation.
As part of this appeal process, TPS provides each client and appraiser a detailed and complete appraisal analysis of your property including:
Appraisals with Asset Allocations
TPS took the best from good appraisal practice and principles including the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) and married them with professional accounting standards, producing an appeal tool that trumps the replacement cost approach that most assessors utilize in arriving at the market value of a golf course.
TPS will identify and quantify your intangible personal property that qualifies for 15-year amortization, and remove it from your real property value -- a powerful innovation
TPS will identify and quantify your business fixtures currently classified as real property and reclassify them as 15-year tangible personal property, and remove their value from the real estate
TPS will identify and reclassify your tangible personal property, where necessary, to accelerate depreciation
In the Asset Allocation Report, TPS will provide reconciliation spreadsheets showing the proposed changes to your records regarding real property valuation reduction and accelerated depreciation for use by your accountant
Benefits to You
Property Tax Appeals
TPS determines the most accurate market value of the real estate through the inclusion of an asset allocation in our appraisal process, and then launches the appeal using their Complete Appraisal as nearly indisputable supporting evidence.
TPS not only negotiates with the county assessors for suitable reductions (as many other consultants only do), but files formal appeals and participates in hearings before county review boards and at the state level including Court of Appeals, when necessary.
TPS has conducted winning tax appeals in many states and
countless counties.................. they know what they're doing.
For a list of states where TPS has had success and for Course References, click HERE
Benefits to You
Golf Tax, acting in partnership with Tax Profile Services, Inc., will begin the data collection process needed to start an accurate revaluation of your course/club, adhering strictly to guidelines established by the Appraisal Industry and fully compliant with Generally Accepted Accounting Principals.
We do not rely on any one "ruling" such as the Fun Time, Inc decision. That approach is just not sufficient to meet the burden of proof required of the taxpayer.
Representatives with GT will meet with you and key members of your staff to conduct fact finding interviews. We will assist you in completing property questionaires, gather pertinent financial information, make initial contact with the local taxing authorities, all the while helping you understand the basics of the valuation process.
Once the initial information has been compiled and a legitimate value has been determined, our goal is to work with the county authorities proactively and prior to the property values being determined and issued to the property owners. If we are successful at this stage, and the values we present are agreed upon by the county, then an appeal will not be necessary. If we are not successful at this "informal" stage of revaluation, and the values are determined and issued contrary to the evidence we present, TPS can then begin the appeal process if it's deemed fiscally prudent in your situation.
As part of this appeal process, TPS provides each client and appraiser a detailed and complete appraisal analysis of your property including:
Appraisals with Asset Allocations
TPS took the best from good appraisal practice and principles including the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) and married them with professional accounting standards, producing an appeal tool that trumps the replacement cost approach that most assessors utilize in arriving at the market value of a golf course.
TPS will identify and quantify your intangible personal property that qualifies for 15-year amortization, and remove it from your real property value -- a powerful innovation
TPS will identify and quantify your business fixtures currently classified as real property and reclassify them as 15-year tangible personal property, and remove their value from the real estate
TPS will identify and reclassify your tangible personal property, where necessary, to accelerate depreciation
In the Asset Allocation Report, TPS will provide reconciliation spreadsheets showing the proposed changes to your records regarding real property valuation reduction and accelerated depreciation for use by your accountant
Benefits to You
Property Tax Appeals
TPS determines the most accurate market value of the real estate through the inclusion of an asset allocation in our appraisal process, and then launches the appeal using their Complete Appraisal as nearly indisputable supporting evidence.
TPS not only negotiates with the county assessors for suitable reductions (as many other consultants only do), but files formal appeals and participates in hearings before county review boards and at the state level including Court of Appeals, when necessary.
TPS has conducted winning tax appeals in many states and
countless counties.................. they know what they're doing.
For a list of states where TPS has had success and for Course References, click HERE
Benefits to You
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| ¡ | Used with our Complete Appraisal in Summary Format, the Asset Allocation Report is practically bullet-proof and indisputable |
| ¡ | An Asset Allocation is particularly useful and timely following a purchase |
| ¡ | Using the amortization and depreciation from the Asset Allocation can lower your taxable income |
| ¡ | Our Asset Allocation Report can double as an appraisal for insurance purposes |
| ¡ | TPS gets reductions in valuations anywhere from 30% to 89%. In one case we got 100% |
| ¡ | In addition to lower property assessment for the current year, we can, where applicable, abate prior years' assessments which could mean large refunds with interest to the taxpayer |
| ¡ | Your future assessments will often remain at or near the reduced value throughout the tax revaluation cycle, most often meaning multiple year savings to the taxpayer |
| ¡ | Once under contract, TPS and Golf Tax will remain in contact with both the taxpayer and taxing authority, ensuring that the data is made available to confirm and hold that value |
