PROPERTY TAX REDUCTION FOR SENIOR CARE

Senior care property tax Review

Senior care property tax valuation is unique and complex so the likelihood of assessment disparities is high. Having an experienced navigator that understands the property tax advocacy nuances and industry standards for extracting non-realty components of value (i.e., intangibles, FFE, etc.) can directly benefit an operation’s financial performance as property tax typically represents as much as 10% of a senior care property’s total annual expenses. Engaging a rigorous review process by our leveraging experience can dramatically improve the success rate and overall achieved savings amounts and bottom line profits for the company.

Independent Living, Skilled Nursing & Assisted Living

Many senior care managers rely on JM Tax Advocates to assist with property tax related opportunities for their independent living, assisted living, and skilled nursing operations including property tax review and property tax compliance services. Our process concentrates primarily on segregating the going concern value of the senior care operation into real estate, personal property, and intangible value components. Frequently, during senior care assessments, the personal property and intangible segregation steps for the senior care valuation get lost in the shuffle and the owner can suffer through inflated annual property tax bills overall. Our highly qualified senior care industry team leverages its decades of experience to ensure that your senior care property does not pay a penny more or a penny less that the true, accurate, and equitable amounts!

Senior Care Property Tax Compliance

The team at JM Tax Advocates is also well-versed in senior property tax compliance requirements including partial or full exemption evaluation and ongoing filings to help streamline your property tax compliance involvement and free your time to focus on what you do best – managing your business!

By engaging our team, senior care property owners can typically enjoy lower tax levels by as much as 20% – 40%. Year after year, our senior care clients count on JM Tax Advocates to deliver millions $$$ in savings through our property tax review advocacy and annual property tax compliance assistance.

Senior Care Tax Reduction Success

Some recent examples of achieved ad valorem tax reductions while advocating for senior care operators are:

• Lowered portfolio of independent living, assisted living, and skilled nursing operations’ property taxes by over $2.55 million.
• Identified and secured $127,000 for an independent living portfolio’s property taxes after transitioning advocacy from a previous provider.
• Audited property tax rate classification and identified $200,000 in savings.

Engaging our team will be a step in the right direction towards your road to success and profitability! Contact us today to start your annual savings plan!