Clean Environment for Food Manufacturer

TEXAS FACILITIES

Initial Assessed Value $16,500,000
Final Value $12,200,000
Tax Savings $107,500

 

During a property inspection of a client’s manufacturing site, our professionals were able to identify opportunities for lowering assessed value of the company’s processing machinery and equipment. Assets were segregated into long or short life categories and additional obsolescence was quantified after reviewing the actual production rates of the plant compared to rated capacity. The analysis was presented to the assessor and a value reduction was achieved in an informal hearing.