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Personal Property Tax

Personal property taxIs your personal property over assessed?

We can help. examines your firm’s personal property tax filing and assists you in properly classifying and aging your taxable and exempt assets. Although we do not perform an audit, we will seek out errors and recommend corrections including identification of phantom assets, exempt property and abandoned equipment.


Often classification errors occur when a question arises regarding real vs. personal property.  Wisconsin case law suggests three tests to establish classification:

1) Annexation. Is the method of attachment such that removal from the real estate will not damage the article being removed or to the realty from which it is removed? (Damage implies loss in value).

2) Use or purpose. Is the article’s use or purpose the same as that of the real estate to which it is attached?

3) Intention of the Parties. Is the article attached with the intention of making it a permanent part of the building? addresses the complexities in evaluating these and other pertinent personal property tax issues. The savings associated with proper classification of personal property and elimination of exempt assets may be significant.

Our contingency fee is 50%  of the reduction in valuation of personal property multiplied by the prior year’s tax rate for the first year only (no offset for property increases).


Last year’s tax rate: 2.0%
Property valuation assigned by assessor: $500,000
Property valuation determined by $400,000

Fee = (valuation reduction) X  (last year’s tax rate) X (contingency fee rate)
Fee = $100,000 X 2.0% X 50% = $1,000*.  Your tax savings are approximately $1,000.
*additional fees may apply on an hourly basis.

As part of our research into personal property taxes, conducts an examination of taxes paid on energy related products and services.  Our success is measured in dollars refunded by the taxing authority.  Our contingency fee is 50% of the refund you receive.  Example:

Overpayment of taxes for energy related products and services identified by  = $1,000.
Fee = (tax overpayment) X (contingency fee)
Fee = $1,000 X 50% = $500.  Your tax refund is $500


Please call us to arrange the necessary documentation to represent your interests in a personal property tax matter.  We can be reached at (262) 569-1800.  We will schedule a date to begin work on your assignment shortly thereafter.