Tax Appeal
At RPD Analytics, we attempt to reduce your taxes for each property every year, even if there was no change in value. Our processes can help lower your property taxes. We will aggressively pursue every legal avenue to protest to lower your taxes:
- Informal hearings
- County Board of Equalization hearings
- Judicial appeals
- Declining market values are painful. You don’t have to pay inflated property taxes!
Expecting the Clark County Assessor to correctly reduce your assessed value can be risky. With RPD Analytics, you pay nothing unless we save you money.
When you hire RPD Analytics for an assessment appeal, you’re commissioning an independent, third-party professional appraisal report. As such we do our own evaluation, beginning to end. If you’re right that your property has been overvalued, an independent report such as ours will be even more persuasive than any other evidence you can marshal on your own. But it depends on our ability to do the work independently.
Sometimes, you will have a hearing on your assessment appeal and will need for the appraiser you’ve hired to testify on your behalf. We are able to professionally and persuasively testify at appeal hearings.
Estate Tax Appraisal
Few Americans are subject to estate taxes due to the exclusion on the first $2,000,000 of an estate. Estate taxes are often referred to as the death tax. Taxpayers with estates substantially in excess of this amount should consider efforts to minimize estate taxes. For family businesses, it is important to ensure adequate liquidity is available to pay estate taxes to protect the business from having to be sold to cover those taxes.
Estate Tax Reduction
Estate taxes can be sharply reduced or eliminated through advance planning. Options to reduce estate taxes include trusts, family limited partnership, gifts prior to death, gifts at death, and skillful use of partial interests. This summary focuses upon partial interests. A partial interest is worth less than the proportionate share of the underlying asset. Partial interests can result from ownership of a portion of an asset or entity, or can be designed during the estate tax planning process. Skillful use of partial interests can dramatically reduce estate taxes. In some cases, tiers of partial interests can reduce estate taxes even further. For example, an entity that owns a series of partial interests can be owned by multiple people. Partial interest valuation values the ownership of a portion of a property, limited partnership, general partnership, corporation, LLC or LLP.
Partial Interest Valuation
Valuing a partial interest involves first valuing the underlying asset and then determining a discount for a partial interest. The valuation of a partial interest involves two separate appraisals. Partial interest valuation is more complex than most valuation problems and requires intense analysis and seasoned judgment. Reasons for performing a partial interest valuation are typically related to estate tax valuation or estate tax planning but could involve divorce, business dissolution or valuation of collateral for a bank.
Gift tax valuations
Gift tax valuations are prepared for many reasons. Gift tax includes market value of gifts to charity, market value of conservation easements and gifts in excess of annual limit. Well-reasoned planning of gifts can minimize gift taxes, income taxes, and estate taxes.
Gifts to charity are included in the gift tax laws. Gifts to charity can reduce taxable income and income tax. Donate appreciated assets to avoid excessive capital gains tax. You should receive a deduction for the current market value of the asset.
Gifts made prior to death are often made to transfer wealth and reduce estate taxes. There are no gift taxes if the gift per person is below a specific amount per recipient. Both husband and wife can each give the max amount to each other and not pay the gift taxes.
Appraisal Reviews
Is your appraisal accurate and competently completed? Sometimes, you may need a reliable review. RPD Analytics has an AQB Certified USPAP Instructor on staff to ensure the accuracy of your appraisal report.
Appraisal Field Reviews
We’ll check your appraisal for accuracy and provide an exterior “field inspection” of the subject and comparable properties for maximum appraisal certainty. Perfect for any situation demanding a second opinion on value.
Appraisal Desk Reviews
Need to double-check the facts? RPD Analytics has professional market researchers and office databases to deliver reviews with the highest degree of precision in the industry.