Tax Credits & Incentives
Real and personal property taxes are often one of the highest tax liabilities for a company. Ensuring they are minimized is a necessary component of any cost reduction strategy. DMA’s Property Tax Credits & Incentives service assists clients with identifying and pursuing appropriate property tax-related incentives that may be associated with capital investments. Property tax incentives typically require approvals be in place prior to your real and/or personal property investment occurring. Therefore, timing is critical.
DMA’s property tax professionals can assist you in obtaining available property tax incentives. These include:
- Property tax rebates
- Payment in lieu of taxes (PILOT)
- Property tax abatement/exemption
- Industrial Revenue Bonds (IRBs)
- Value limitation
- Freeport exemption
DMA brings value to you through:
- Identification of incentive opportunities
- State and local relationships
- Negotiation assistance
- Evaluation of tax impact
- Application/documentation assistance
- Compliance reporting
- Property tax review to ensure maximized benefit