Property Tax

Whether you lease or own, property taxes on both real estate and personal assets can quickly become your highest recurring expense. Many assessments are outdated, miscalculated, or non-compliant. Leyton helps you challenge inaccurate valuations, reclaim overpayments, and plan proactively without interrupting your day-to-day operations.

Schedule Your Free Consultation Today!

    Thank you for filling out the form

    What is Property Tax?

    Property tax is a recurring financial obligation levied by local governments based on the assessed value of real and personal property assets. For businesses, this includes both real estate (e.g., land, buildings) and tangible personal property (e.g., equipment, machinery).

    Leyton helps organizations navigate this fragmented landscape, identifying recovery opportunities and delivering end-to-end compliance support.

    Property taxes represent a significant recurring expense for businesses. Whether you’re managing a national commercial real estate portfolio or navigating personal property tax filings, Leyton’s team identifies opportunities to minimize costs, ensure compliance, and recover overpayments.

    When to seek property tax advice for your business:

      You’ve Received a Property Tax Assessment That Appears Overstated

      Engage an advisor to challenge inflated valuations, correct errors, and reduce your tax burden through appeals.

      You’re Engaged in Real Estate or Equipment Transactions, Expansions, or Acquisitions

      Professional guidance ensures transactions are structured to minimize tax exposure and uncover hidden liabilities.

      Your Business Operates Across Multiple Tax Jurisdictions

      Leyton helps navigate inconsistent regulations and identifies savings opportunities across regions.

      Your Company Holds a High Volume of Tangible Fixed Assets

      Specialists can optimize asset classifications and depreciation to avoid overassessment and reduce taxes.

      You’re Undergoing a Property Tax Audit or Facing Associated Penalties

      Advisors manage audits, defend your position, and reduce the risk of costly penalties.

      You’re Targeting Operating Expense Reduction Without Impacting Workforce Levels

      Tax reviews can uncover savings that lower fixed costs without cutting jobs or operations.

      Critical Filing Deadlines Are Approaching, and Internal Resources Are Constrained

      Outsourcing ensures compliance, timely filings, and frees up internal teams for strategic work.

    Leyton’s Property Tax Services

    • Commercial Property Tax

      Commercial property tax is an annual levy on business real estate such as offices, warehouses, and retail buildings, based on market or income value, and is a major fixed operating cost.

    • Personal Property Tax

      Personal property tax is a tax on tangible movable assets used in the operation of a business. These include equipment, machinery, computers, furniture, vehicles, and leasehold improvements.

    • Cost Segregation

      Reclassifying parts of a commercial building as personal property through cost segregation can significantly lower property taxes and should be promoted to enhance tax efficiency.

    Great People
    Define our Success

    With over 25 years of experience in client development and management, François  Huot has built a distinguished career at the intersection of financial services, tax advisory, market expansion, and relationship management. For the past decade, he has focused on property tax strategy and compliance, becoming a recognized expert in tax assessments and optimization, leading the business line at Leyton.

    Francois Huot

    Strategic Director, Real Estate Consulting Services
    Linkedin

    FAQs

    All you need to know about Property Tax.

    Can’t find the answer you’re after? Please contact our team

    What is property tax? keyboard_arrow_down keyboard_arrow_up

    Property tax is a locally assessed tax imposed on real estate by municipalities. It is typically paid by property owners, including businesses that own commercial or industrial real estate.

    Why should I consider a property tax review? keyboard_arrow_down keyboard_arrow_up

    Many property owners overpay due to incorrect assessments, overlooked exemptions, or changes in property use. A professional review identifies savings opportunities and ensures you’re not subsidizing an inaccurate valuation.

    How is property tax calculated? keyboard_arrow_down keyboard_arrow_up

    Property taxes are calculated based on the assessed value of the property, which is determined by the local taxing authority, multiplied by the local tax rate (mill rate). However, assessments are often outdated or misaligned with current market conditions, creating opportunities for appeal.

    What is the difference between real estate tax and property tax in the U.S.? keyboard_arrow_down keyboard_arrow_up

    In the United States, the terms “real estate tax” and “property tax” are often used interchangeably, but there is a technical distinction. Real estate tax refers specifically to taxes assessed by local governments on land and permanently attached structures, such as buildings. Property tax, on the other hand, is a broader term that can also include taxes on tangible personal property such as equipment, machinery, or business assets, depending on the laws of the specific state or jurisdiction.