Taxes to rise or remain.

• Author: Heffes, Ellen M.
• Position: TAXES - Brief article

Many property tax executives in various industries expect their property tax liability to either remain the same or increase this year. That is one result of a recent survey by the Tax & Accounting business of Thomson Reuters.

The survey, conducted during a Web seminar in May, polled more than 100 executives, and found that:

* 58 percent expect their property tax liability to either remain the same or increase compared to last year; and

* 74 percent find compliance with business personal property tax on inventory a significant issue for their organization.

There are currently more than 13,000 taxing jurisdictions in the United States, each with varying rules and regulations on how property, including inventory, is taxed.

"As the economy improves, many businesses may believe that they have maxed out their efforts to reduce property tax liabilities," said Jeff Moore...