It is a tough economy. Businesses are filing for bankruptcy protection; every time I read the paper or listen to the news it is doom and gloom. Layoffs are everywhere, plants are operating at significantly reduced capacity, production is down, businesses are struggling û when will it end? Do these issues and events have an impact on real and personal property assessments? How does the assessor determine value? My company has fallen on hard times, we are close to filing for bankruptcy protection, how does this impact the value? What should I do if I do not think the assessment is correct? This teleconference will provide the answers to these questions and more. We will discuss the techniques available to the assessor for the valuation of both real and personal property for property tax assessment purposes. The concepts of depreciation will be explored in depth along with their relevance to property tax assessments. Most importantly, the teleconference will provide information on how to appeal the value if you believe the assessor is incorrect. It is critical for anyone with oversight or responsibility for real and personal property tax to attend this teleconference.

Faculty: Robert E. Lange, CMI, Ernst & Young Peter M. Smith, FRICS, Ernst & Young