Property taxes can be a large and complex state and local tax burden for businesses. In addition to annual property taxes, many states, counties and cities assess transfer taxes – including documentary stamp tax, real estate excise tax and realty transfer tax, which can be assessed as high as 3% to 4% of a property’s sales price.

SimekScott’s state and local tax (SALT) property tax consulting services provides clarity and recommendations related to our clients' property tax risks and compliance and identify opportunities related to transfer taxes, real property taxes and tangible personal property taxes.

We will work with our clients to:

• Assess: Identify and provide solutions to critical property tax assessment burdens and opportunities.

• Determine: Determine and provide solutions to transfer tax exposure and property tax reporting requirements.

• Report: Develop a summary providing clarity and subjectivity to various state and local property taxes.