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Case Studies:  Tax Minimization & Recovery
Business Personal Property Tax

OSG Helps Electronics Manufacturer Save Over $45,000 in Tax Liability for New Facility

Industry:  Manufacturing
Client Profile:  Electronics Manufacturer

The Challenge
An Electronics Manufacture was opening a facility and was concerned about managing their potential property tax liability. The company had aggressively tried to negotiate the market value of its inventory and fixed assets with the assessors’ office, but was unsuccessful in achieving their desired market value.

The Solution
OSG determined that there were opportunities for value reductions that the company had failed to realize. Based upon OSG’s relationship with the assessors’ office and industry expertise OSG achieved an accelerated depreciation method for valuing the fixed assets and an exemption was granted for the value of the inventory.

The Results
OSG reduced the company’s anticipated market value by 19%, a tax savings in excess of $45,000.

 

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