Redefine Property Tax Management and Maximize Portfolio Value
Property tax is a significant expense for many corporations. In 2018, in the USA alone, businesses paid (USD) $297.3 billion in property taxes. Clearly, as it such as large liability, property tax needs to be monitored and managed effectively.
Unfortunately, since property tax involves dealing with large volumes of data, managing it can create a number problems for large corporations. It can be difficult for them to ensure that relevant information is shared within the organization by the right people at the right time. Additional complexities arise when corporations have to pay property taxes across multiple jurisdictions, particularly if those jurisdictions are located in several different countries.
In order to better understand how to maximize portfolio value, this IPTI research paper takes a closer look at property tax management by exploring three key questions:
- What is it?
- What is it not?
- What are the benefits?
In addition, IPTI explores the benefit of having a standard, repeatable process in property tax and looks to answer the question: is there an “ideal” management process?
Explore how, by redefining property tax management, organizations can begin to fully appreciate the potential they has to improve the bottom line for corporate entities by maximizing asset value.
Redefining Property Tax Management