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Business Personal Property (BPP) Services2024-09-25T22:49:58+00:00

Business Personal Property (BPP)
Tax Services

Our team of tax specialists will help reduce your business personal property (BPP) tax expense.

We will handle the entire process from filing timely renditions to ensuring correct asset valuations.

Our Services

1. Research & Analysis

Our team will analyze the client’s business personal property to determine the best strategy to obtain the lowest allowable tax assessment, which includes performing a fair market valuation of assets using third party appraisal data.

2. Rendition Filing

Our experienced tax consultants will timely file all required renditions and associated paperwork to ensure your business maximizes property tax savings and is in compliance with applicable tax laws.

3. Assessment Confirmation

We confirm that the local tax jusridiction assesses our client’s business personal property at the correct values. If there are any discrepancies, we will file a value protest to ensure value alignment.

Industry Specialties

We help clients in a variety of industries lower their business personal property (BPP) taxes all across the State of Texas.


Energy


Trucking


Aviation


Medical


Hospitality


Retail


Manufacturing

Case Studies

Check out real examples of our work in action. These are case studies featuring just a few of our recent property tax reductions.

Dieffenbacher Energy
Machinery & Equipment
Noticed Market Value: $7,231,913
Market Reduction: $1,808,182
We Saved the Owner
$44,863
in Property Taxes
25% Reduction

Mesilla Valley Transportation
Trucking & Shipping
Noticed Market Value: $38,152,367
Market Reduction: $11,807,105
We Saved the Owner $342,073
in Property Taxes
30.95% Reduction

Cart Castle
Inventory & Freeport Exemption
Noticed Market Value: $7,178,533
Market Reduction: $4,789,140
We Saved the Owner
$77,326
in Property Taxes
66.71% Reduction

Dentist Office
Medical Equipment & Furnishings
Noticed Market Value: $103,130
Market Reduction: $19,640
We Saved the Owner $2,195.55
in Property Taxes
80.96% Reduction

Hexa Coworking
Inventory, Furniture & Equipment
Noticed Market Value: $762,610
Market Reduction: $416,770
We Saved the Owner
$9,373
in Property Taxes
54.65% Reduction

MPW Services
Industrial Water Services Equipment & Machinery
Noticed Market Value: $2,531,996
Market Reduction: $1,373,409
We Saved the Owner $29,253.19
in Property Taxes
45.76% Reduction

Denny’s
Restaurant Equipment & Furnishings
Noticed Market Value: $274,780
Market Reduction: $179,500
We Saved the Owner $2,505.60
in Property Taxes
34.68% Reduction

Cole Distributing
Trucking
Noticed Market Value: $4,892,142
Market Reduction: $965,829
We Saved the Owner
$21,382
in Property Taxes
19.74% Reduction

Form & Fiber
Commercial Landscaping Products
Noticed Market Value: $1,683,412
Market Reduction: $545,687
We Saved the Owner $23,077.52
in Property Taxes
67.58% Reduction

View More Case Studies > >

The Gill, Denson & Company Difference

Standard Approach

Most businesses and their representatives render business personal property values according to standard cost depreciation schedules issued by tax jurisdictions, which are typically outdated and drastically overstate the actual value of your business personal property. Most taxpayers are overpaying their property taxes because they do not know there is alternate approach to render values.

Our Approach

We use third-party fair market values to appraise and render the value of your business personal property more accurately. The fair market value of business personal property is typically substantially lower than the standard depreciated cost value. Appraisal districts are required to consider our evidence backed market values, ensuring our clients are paying the lowest possible property taxes.

Types of Business Personal Property

Business Inventory

We ensure you obtain all applicable exemptions for your inventory such as the goods-in-transit exemption or the freeport exemption.

Vehicles

We ensure your vehicles maximize allocation schedules between taxing jurisdictions and are rendered at fair market value rather than depreciated cost, often results in significant savings.

Computers and Servers

We ensure you are only being taxed on the tangible value of your computers and servers, separating software and business value from your assessment.

Equipment & Machinery

We perform a fair market valuation of your equipment & machinery to obtain the lowest allowable tax assessment, rather than accepting the often-inflated appraisal district values.

FAQ

What is a business personal property rendition?2023-03-08T18:58:24+00:00

A rendition is an official form businesses use to report their taxable assets. For taxation purposes, your property is classified as either real property (land, buildings, and other items attached to land) or personal property (items that can be owned but are not attached to land). Personal property that you use to produce income is subject to taxation in the state of Texas.

Why should I hire a firm to file my BPP renditions?2023-03-08T18:59:04+00:00

Hire a property tax consultant for the same reason you would hire an accountant or lawyer; to have a professional to take care of a specialized task for your business. Our team makes the process seamless and convenient for you and your team.

Do you also appeal BPP values once the rendition is filed?2023-03-08T18:59:20+00:00

Absolutely! We may file an appeal on BPP if the notified value does not coincide with the rendered value. We charge a separate fee for appeals based on a small percentage of the savings only if and when we are successful. We will contact you if an appeal is applicable to your BPP file.

What information is required to submit when filing renditions?2023-03-08T18:59:40+00:00

Typically, we need an asset listing and/or inventory held for sale.

When is the BPP filing deadline?2023-03-08T19:00:05+00:00

In Texas the BPP filing deadline is April 15th. If you have property in other states, contact us for a free consultation. This is a separate deadline from the appeal deadline.

When should I start my BPP rendition filing?2023-03-08T19:00:18+00:00

As soon as possible in the new year each year! We highly recommend starting in January to avoid late fees.

Are BPP filings required each year for businesses?2023-03-08T19:00:37+00:00

Yes, a failure to file timely will add a 10% penalty to your tax bill.

What if my business was sold or closed?2023-03-08T19:01:01+00:00

It is important to report this information to the appraisal district to avoid future tax bills. We can assist you with the official communication of this process with the appraisal district.

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