Business Personal Property Tax
Equipment. Inventory. Fixed assets. Every return filed right, in every state.
Business personal property (BPP) is taxed differently in nearly every state, with its own forms, deadlines, depreciation schedules and exemptions. For companies with assets in many locations, that means dozens or hundreds of filings a year, each with room for costly errors. Property Tax Partners manages BPP compliance in all 50 states, from renditions and returns to exemptions, audits and appeals, so you pay only what you owe.
What We Handle
Renditions & Returns
Preparation and filing of BPP renditions, declarations and returns in every jurisdiction where you hold assets
Fixed Asset Reconciliation
Matching your fixed asset ledger to what assessors have on file, and removing duplicate, disposed or ghost assets
Exemptions & Abatements
Identifying and applying for freeport, pollution control, small-business and other exemptions and incentives
Valuation & Depreciation
Applying the correct cost schedules, useful lives and condition factors for each state
Audits
Managing assessor audits, documentation requests and negotiated adjustments
Appeals
Protesting overvalued BPP assessments through informal reviews and formal hearings
Common Challenges
.png){kind=small}
Every state, and often every county, has its own forms, deadlines and rules
Assessors use generic depreciation tables that overvalue specialized or aging equipment
Disposed, transferred or fully depreciated assets stay on the tax rolls for years
Missed or late filings trigger penalties and estimated “forced” assessments
Exemptions that could cut taxable value are never claimed
How PTP Helps
.png)
One Team, All 50 States
We manage every filing across every jurisdiction, with consistent methods and one point of contact.
Deadline Management
We track due dates, extensions and filing windows so nothing is late.
Asset-Level Review
We reconcile your fixed asset records to remove ghost assets and apply the right useful lives.
Exemption Search
We find exemptions and incentives you qualify for but may not be claiming.
Flexible Fee Structures
Fixed, contingent and hybrid fee options to fit your portfolio.
Client Wins
$5.2M
TAX SAVINGS
Protein Processor
Nueces County, Texas
Fixed Asset Reconciliation
A protein processing company in Nueces County, Texas saved over $5M in tax savings through fixed asset reconciliation.
$1.8M
TAX SAVINGS
Oilfield Services Company
Multiple Jurisdictions, Texas
Useful Life Studies & Ghost Asset Analysis
PTP achieved almost $2M in tax savings for an oilfield services company through useful life studies and ghost asset analysis.
$1M+
FIRST YEAR TAX SAVINGS
Chemical Manufacturing Company
Port Allen, Louisiana
Comprehensive Property Tax Review
PTP provided a thorough analysis including incentives, obsolescence review, useful life studies, and exemption maximization for over $1M savings.