Property Tax

Property Tax School

IPT's Property Tax School provides attendees with the essential information needed to build and advance their careers in property taxation. The school offers an introductory yet comprehensive study of the theory and practice of property tax management for business, including a demonstration of valuation techniques and how these apply to a tax professional's daily responsibilities.

The school is intended for those who want to learn more about property taxation fundamentals or may have limited experience in the field and minimal exposure to appraisal theory. Topics include Property Tax Administration Management; Valuation Theory and Principles; the Three Approaches to Valuation- Sales Comparison, Cost, and Income; Reconciliation of Value Conclusions; Personal Property Tax; Tax Research; and Ethics in Property Taxation. 

---

Personal Property Tax School

The Personal Property Tax School is an advanced school for property tax professionals who have a basic understanding of ad valorem principles and want a comprehensive education in personal property taxation. Those attending the school will be able to build their knowledge of personal property taxation management and its four cornerstones; expand their experience in developing and presenting cost-saving personal property returns; and broaden their overall property taxation expertise.

The Personal Property Tax School thoroughly examines the four cornerstones of personal property taxation- Classification, Compliance, Valuation of Machinery & Equipment, and Audits & Appeals. Throughout the week-long school, attendees work in small groups on an all-encompassing case study and then present an amended return at a mock hearing before the school's conclusion on Friday. This task is a vital component of the learning experience as attendees apply their knowledge of the material covered at the school in front of a panel of property tax professionals, who evaluate the presenters and their final conclusion of value. As a result, attendees leave with invaluable expertise in effectively presenting an amended return.

Registrants must have attended and passed the IPT Property Tax School or passed the Online Property Tax School Competency Exam to attend this school. Successfully completing the Personal Property Tax School is a requirement for earning the CMI - Property Tax designation.

---

Real Property Tax School

The Real Property Tax School is a comprehensive property tax program for professionals seeking advanced knowledge in real property taxation and is intended for those with some experience in the field. The school builds upon participants' fundamental understanding of real property tax by examining complex concepts and principles, including how to apply these in actual practice. The school is a five-day, in-person program, led by a diverse faculty with deep knowledge rooted in real-world experience. With this insight, the faculty takes attendees through differing perspectives of real property taxation, provides them with the skills to manage valuations, navigates them through appeal processes, and how to achieve successful outcomes.

Topics covered at the Real Property Tax School include the three approaches to value; direct capitalization; yield capitalization; discounted cash flow models; building cost estimations and identifying various types of depreciation; analysis of sales information; summation of the three approaches; equalization, sales ratio studies, and mass appraisal; assessor, appeal board, and court interactions; and ethics in property taxation.

Registrants must have attended and passed the IPT Property Tax School or passed the Online Property Tax School Competency Exam to attend this school. Successfully completing the Real Property Tax School is a requirement for earning the CMI-Property Tax designation.