Every year businesses and owners spend thousands of dollars in personal property tax unnecessarily. Properly prepared personal tax returns can result in lower valuations and lower taxes. The rules for preparing personal property tax returns is as varied as the number of states requiring them to be filed.

Property taxes can be the highest expense for most income producing properties. As local government spending continues to at an astonishing rate, matching revenue increases must largely come form increased property taxes. Therefore, assessors are becoming more aggressive in re-assessing properties to increase revenues through higher valuations resulting in higher taxes. Don't let your property share more of the burden than those properties whose owners protest their taxes.