July 2018 NewsletterJuly 24, 2018 | appeal to tax court, asset management, commercial property tax reduction, commercial property taxes, corporate property tax savings, Cost Containment, cost containment definition, Department of Revenue, forfeit right to appeal, how to apply for property tax reduction, Increase Assets, meaning of cost containment, methods of cost containment, Newsletter, power and energy property tax services, power plant property tax, power plant taxes, Property Tax Code, property tax reduction, property tax reduction consultants
- CALIFORNIA – Proper appraisal unit to be used under California Property Tax Code when comparing base year value to current full cash value of property improved with active solar energy generating systems containing non-solar backup systems was property with entire unit, rather than property with backup system alone.
- ARIZONA – Unless the substance of a State Board of Equalization decision on an assessment appeal is materially affected, a re-issued decision correcting mere clerical errors does not trigger the start of a new appeal period.
- ARKANSAS – Under the statute governing determination of fair market value for utilities and carriers in assessment of property taxes, the Public Service Commission’s Tax Division may, but need not, consider physical or economic obsolescence in valuing a company.
- NEW MEXICO – Cable Television provider determined to comprise part of a “communications system” subject to central assessment under New Mexico Tax Code.
- MISSOURI – Reproduction cost approach, using original cost less depreciation, is to be employed for calculating assessed value of both personal and real property belonging to natural gas companies.