According to the U.S. Census Bureau, more is paid in Property Taxes, than in Income Tax and Sales Tax combined. And yet, Property Tax is one of those taxes that we accept as being unmovable and rigid. There is more opportunity for savings with a professional Real and Personal Property Tax study than you know. This study will:

• Reduce the amount you have to budget for annual Property Tax. Freeing this money up for use elsewhere in your organization.
• Increase the profit margin you make on your products.
• Enable your company to compete even better on price.
• Ease the seasonal strain on your cash flow and make it easier for you to operate and invest.
• It will ensure that you are not overpaying for personal or real property taxes
• It will give you valuable training into the variables and workings of Property Taxes and how to ensure proper payment, but not overpayment, in the future.

What could an Edison Property Tax Audit reveal that I don't already know? You likely have an "in-house" study or a CPA study of your personal property tax done each year to add and delete items. Chances are that you are doing a good job at it. This may lead you to believe that having a professional review of your Real and Personal Property Tax assessments for overpayment may not be needed. It is if you spend over $40,000 per year on one or each of these expenses. The fact is that there is much more to Personal Property Tax management than addition of new items and deletion of items that are sold. There is much more to Real Property Tax management than the counties assessed value.

At Edison, your Property Tax expert will evaluate your Real Property Assessment and Personal Property Tax line items from the basis of our three pillars of study and savings.

Step 1.	Verification
Step 2.	Classification
Step 3.	Valuation

What companies benefit most from a Real and Personal Property Tax Review?

Manufacturing, Hotels, Resorts, Shopping Malls, Refineries, Power Plants, Office Buildings, Hospitals and Medical Buildings and Apartment Buildings to name a few.

Edison introduces the Real and Personal Property Tax Audit. This solution is part of a team of 6 performance-based cost audits that are available to you. Each of these audits helps to recover profit you have lost in the past due to overcharges and to increase the profit you earn going forward by reducing the amount you are charged.

This particular Audit and Review will:

• Reveal overcharges, over valuation, duplicate charges and any other errors and clean them up for you.
• Uncover classification updates and obsolescence and amend your returns
• Verify that all items located on your return are still around and in working order
• Educate you or your team on how Property Taxes work and empower your people to manage Real and Personal Property Taxes going forward.

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How much of my time will this process take?

Following is a table of the steps involved in the process, the amount of time you can expect to apply to the process and the duration of the process from start to finish.

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What is an outline of the process from start to finish?

Step 1.	Data Collection: Before we have our first meeting, a copy of your current or previous year's real and personal property tax returns need to be acquired by you to have present at the Initial Meeting. If you decide on having the Audit completed, in addition you will just need your fixed asset file and your itemized supplies list if your supplies value is over $100,000.
Step 2.	Initial Client Meeting: Either in person or via web/teleconference, your Cost Manager will meet with you to go over the details of details of: the Utility Audit and Review and any of the other audits we provide that interest you, the Process by which we are able to decrease your property tax costs, and the Service Agreement and Authorization themselves. You will be further informed on the details of the process, talk about the different physical locations company wide, discuss contact information and go over the timing to finish the study.
Step 3.	Onsite Review:: After the initial client meeting, one of our team of engineers will conduct an onsite tour of each of your properties to see ̉in personÓ what they have reviewed, on your Property Tax Returns. They will verify counts of your major equipment purchases, ensure proper classification and determine proper valuation of your real and personal property.
Step 4.	Off Site Audit:: With the information compiled during the onsite review, Edison's Property Tax analyst will complete the review according to local property tax law. They will compile a list for you of all overage counts, miss-classified real and personal property, erroneous measurements, etc. They will prepare all documents for your final review.
Step 5.	Findings and Recommendation Report:: As soon as the study is completed, your Edison team member(s) will meet with you in person or via web/teleconference to report and review with you the findings of the study. They will answer your questions, educate you further on the property tax reduction opportunities your company qualifies for and give you an exact dollar amount of savings. As of this final meeting, your real and personal property tax returns will be ready for implementation and reduction.
Step 6.	Implementation & Appeal: Your Edison team member will take care of the entire filing and appeal process with your local property tax assessor's office for you. You will have little to no time involvement in the appeal. Once it is finished, the savings will be verified with you and the process is complete.

The duration of the complete process takes approximately 20 days. Time can vary.

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What are some examples of errors your analysts have found for other companies?

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What does this service cost me and when do I pay?

As with all 6 of the audits that Edison provides, the fee for your Real & Personal Property Tax Audit is performance based. We do all the work and if we are successful in recovering savings, we ask you to split the amount recovered, with us. If the review and audit turns out clean, there is no fee whatsoever. This method of billing has a number of benefits for you.

• This ensures to you as the customer, that our fees will never outweigh the cash benefits and net profit increase that your company receives. As an additional assurance, the fee is only due after your refund or savings are safely in your pocket.
• This gives us incentive to perform on your behalf. It ties our compensation directly with our ability to be successful for you. We make sure we find all possible opportunities your company can implement.
• We risk our people's time upfront, because we are confident in the knowledge our team possesses and our ability to implement this knowledge for the benefit of your bottom-line.

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