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Personal Property Tax
Ohio’s personal property tax will not be fully phased out until 2009. During this time, businesses will continue to pay significant tax on fixed assets and inventory. Watson & Associates provides services to help recoup prior year tax overpayments and to minimize future personal property taxes. Below are a few of the areas where typically find significant tax savings:
• In-transit and other inventory valuation opportunities
• Idle or abandoned equipment (phantom assets)
• Pollution control equipment (i.e. water, air and noise)
• Patterns, jigs & dies
• Drawing costs
• Property tax abatements
• Foreign trade zones
We can help identify and document these and other tax savings to reduce your property tax liability.
