Take Control of Your Property Taxes: Strategies for Campgrounds

In the latest Spring Issue of TACO News, Bill Peacock and Don Huffines highlighted the significant challenges associated with reducing property taxes once they have been enacted. Their insights emphasize the importance of taking proactive measures to combat rising tax burdens—an issue that resonates deeply with campground owners like you.

As you look forward to potential legislative changes that might alleviate property taxes for businesses, it’s essential to remember Ronald Reagan’s wisdom: “No government ever voluntarily reduces itself in size.” Therefore, it falls on us as business owners to take proactive steps in mitigating the impact of government size and taxation.

At Campground Refund, we have spent years dedicated to helping businesses like yours reduce and recover overpaid taxes on utilities and construction. Here are some effective strategies to consider:

1. Property Tax Reduction

One of the most straightforward ways to lessen your tax burden is to challenge your property tax assessment. If you believe your property has been overvalued, gather evidence to support your claim. Whether you choose to tackle this process independently or enlist the help of a third party, securing a valuation reduction from the County Assessor can provide immediate financial relief.

2. Cost Segregation

Consider conducting an engineering study for cost segregation. This approach allows you to accelerate the depreciation on your assets, which can significantly impact your tax savings. By reclassifying asset costs and pushing depreciation further up your tax schedule, you could unlock 5% to 15% in Federal Tax savings during the initial years. This strategy can greatly reduce your federal tax obligations and enhance your campground’s cash flow.

Support for State and Local Taxation Challenges

If you’re facing State and Local taxation issues related to construction or utilities, we’re here to help. We can also connect you with trusted partners who specialize in other tax-saving methods, ensuring that you maximize your campground’s profitability.

Let’s Collaborate on Your Tax Strategy

Taking control of your tax strategy is essential for your campground’s success. If you’d like to explore how these strategies can be tailored to your specific needs, please reply to this email or give us a call at 214.546.7886. We’re ready to assist you in navigating these challenges and finding solutions that work for your business.