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Carl Hoemke

Recent Posts

How To Allocate Distributed Business Personal Property Assets The Right Way

Posted by Carl Hoemke on Nov 26, 2018 1:45:08 PM

Cable companies, railroad companies, natural gas and oil companies—these are some of the types of organizations whose primary assets tend to cross county or jurisdictional borders. Because taxes are assessed on property located in specific jurisdictions, that creates a challenge when it comes to business personal property tax filings: How do you properly distribute the value of those assets over the various jurisdictions in which they’re located? This article examines the most efficient method for doing that, as well as how to choose the right allocation metrics to ensure the fairest possible distribution of value.

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Topics: Business personal property tax

Smart Process Automation: What Is It & How Is It Being Used?

Posted by Carl Hoemke on Sep 19, 2018 8:00:00 AM

It’s no secret that the nature of work is changing, which is why a growing number of business leaders like yourself are beginning to assess what their future workforces might look like. Part of that assessment includes identifying which capabilities and tools will be most needed by their teams. In recent years, your research may have identified robotic process automation (RPA) as the answer to future challenges; today, there’s an advanced version of automation that will prove to be even more valuable for organizations: smart process automation, or SPA.

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Topics: Process automation

How Is Commercial Property Appraised?

Posted by Carl Hoemke on Sep 17, 2018 9:04:20 AM

Taxes may be a certainty, but when it comes to property tax, the amount of taxes owed is not. That’s because commercial properties can be appraised in different ways, depending on who’s doing the appraising: an assessor or a fee appraiser. It’s important to know the differences in these commercial property appraisal methods so you’re better prepared to advocate for a fair assessment—and the appropriate amount of taxes owed.

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Topics: Commercial property appraisal

Is It Worth The Cost To Appeal Your Business Property Tax Assessment?

Posted by Carl Hoemke on Sep 6, 2018 2:52:33 PM

After you receive an assessment for your business/commercial property, you may find yourself questioning the amount—but also wondering if it’s worth the cost to appeal the property tax assessment. In many cases, particularly for companies experiencing technological or economic change, the answer is yes. But a property tax appeal doesn’t make sense for every piece of property. While the answer isn’t a simple yes or no, there are a few tips to help you determine whether or not it’s worth the cost to appeal your business property tax assessment.

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Topics: Property tax appeals

What Are Tax Data Analytics?

Posted by Carl Hoemke on Aug 15, 2018 9:49:00 AM

In my view, tax practitioners are no different than other industry professionals when it comes to analytics—the more analysis you do surrounding your work, the better you tend to perform. If you’re not measuring it, you’re probably not improving it.

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Topics: Tax analytics

4 Commercial Property Valuation Methods (So You Know How To Appeal)

Posted by Carl Hoemke on Jul 3, 2018 10:46:57 AM

You’ve just received an assessment notice for one of your commercial properties—now what? If the amount seems too high, hopefully you or another member of your property tax team will check the accuracy of the valuation by using one or more commercial property valuation method, and then appeal if need be. (Don’t have time to do all that? There are software tools that can help.)

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Topics: Property tax appeals

How Can Property Tax Consultants Increase Their Effectiveness (& Advisory Opportunities)?

Posted by Carl Hoemke on May 7, 2018 2:41:28 PM

Those of us who do property tax advisory work know that thinking in a straight line doesn’t always yield the best, most profitable results. Creative thinking and research, on the other hand, usually uncovers numerous (legal and value) discrepancies leading to identifying over-assessments. Knowing how to best measure these will ensure you provide the best advice to your clients—and doing good work generally means more advisory work for you. Below are a few ideas for the assessment of business personal property values I’ve used in the past to assist clients; at one time or another, they’ve all benefitted a client and increased the value of my property tax advisory services offering.

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Topics: Property tax advisory

Where Is The Tax Industry With RPA, AI & Machine Learning?

Posted by Carl Hoemke on Mar 22, 2018 1:01:20 PM

When was the last time you or anyone on your property tax team went home at 5 P.M. on a workday during tax season?

Sounds impossible, right? Well, that was the case with one of our clients, whose office I stopped into recently at the end of a workday. The place was deserted. When I asked where everyone was, the response was, “They went home. They’re done!”

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Topics: Property Tax Technology

A Full Breakdown Of Property Tax Exemptions

Posted by Carl Hoemke on Mar 7, 2018 9:22:17 AM

Most organizations would take advantage of all available means to reduce their property tax bills—if only they knew about them (or had time to spend applying them).

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Topics: Property tax

What Are The Best Property Tax Forecasting Methods For Budgeting?

Posted by Carl Hoemke on Feb 7, 2018 8:00:00 AM

Part of your job as a property tax manager is to forecast the expected property tax liability for the upcoming year’s budget. Anyone who’s been in this position before knows that it’s a balancing act: Management wants lower taxes, so they hope you’ll come in low. Accounting wants you to be accurate, not too low or too high. And you personally? You want to give yourself some breathing room in the event that something unexpected happens to throw your forecast off. (There are lots of moving parts that can change your tax liability at any time!)

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Topics: Property tax forecasting