The Best and Worst of Property Tax Administration

August 29, 2019 at 2:00 PM

Property taxes represent 39 percent of state and local tax expenditures for businesses in the U.S., and the administration of property taxes can have a big impact on a company’s bottom line. Fair and efficient property tax administration is therefore critical to business taxpayers around the world. The 2019 COST-IPTI “Scores on the Property Tax Administrative Systems of the U.S. States and Selected International Jurisdictions” offers crucial insights into three primary property tax administration criteria: transparency, consistency, and procedural fairness.

During this webinar, we will discuss the findings of the COST-IPTI report on the best and worst of international property tax administration, with a primary focus on state and local issues in the U.S. It will cover the highest and lowest ranking jurisdictions in fundamental property tax administration subjects, pain points for both taxpayers and tax administrators, and key takeaways for businesses and taxing authorities.

Educational Objectives:

  • Describe best practices for property tax administration
  • Identify administratively burdensome practices that create the most challenges for taxpayers
  • Briefly compare property tax administration in the U.S. vs. other countries
  • Highlight the highest and lowest ranking jurisdictions across three criteria (transparency, consistency, and procedural fairness)
  • Analyze potential pitfalls for taxpayers and possible tax planning implications
  • Discuss legal barriers to fair procedures in the property tax appeals process
  • Review legal requirements for property tax valuation in select jurisdictions and the effect of these requirements on transparent, consistent, and fair property tax administration

Who would benefit most from attending this program?
State tax practitioners and advisors in private practice, professionals in corporate tax and accounting departments focused on state taxation and accounting issues.