The concepts of an assessment and property tax have proven to be a point of confusion for some business owners—are they one and the same, or two different things? In fact, assessment is an integral function of the tax cycle, but taxation and assessment are two distinct things. The rationale behind the separation: It protects property owners from possible unfair treatment. As a taxpayer, that’s good for you, but there’s more you need to know to ensure you’re being taxed fairly.

Our mission at CrowdReason is and has always been to give you, our customers, the digital tools that will help you thrive. In our view, that involves a whole lot more than just selling software.

Our mission at CrowdReason is and has always been to give you, our customers, the digital tools that will help you thrive. In our view, that involves a whole lot more than just selling software.

Our mission at CrowdReason is and has always been to give you, our customers, the digital tools that will help you thrive. In our view, that involves a whole lot more than just selling software.

Our mission at CrowdReason is and has always been to give you, our customers, the digital tools that will help you thrive. In our view, that involves a whole lot more than just selling software.

Whether or not your company operates in one of the few states that tax intangible assets—those with no physical form but do have value—understanding intangible asset valuation is essential. Why? Because it’s part and parcel of ensuring a fair assessment for both real estate and personal property.

Companies are known to have multiple sets of books when it comes to depreciation, and it’s not only legal but required to meet all of your tax and accounting compliance requirements. The first two sets of books companies are required to keep are for income tax purposes (IRS) and accounting depreciation (financial accounting). In property tax we primarily deal with accounting depreciation and what is known as appraisal depreciation.

You’re probably aware of the availability of experts who offer commercial property valuation services, but you may not know when or if you need them (or what exactly they bring to the table). This article covers the most common reasons why companies enlist a valuation expert for property taxes, and how to know if you should consider hiring one.

The telecom industry has some unique aspects of assessment that don’t apply to other industries. In this post we’ll cover the issues associated with telecommunications tax assessments so you can ensure accurate valuation.

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.