Cost Segregation Studies for Dallas, Tx
The Dallas-Fort Worth metroplex is currently one of the biggest economic centers in the United States and is also one of the fastest-growing regions on the planet. A good climate, cheap land, and a lower cost of living all make the DFW area a target destination. Surrounding counties like Collin and Denton are some of the trendiest to be found anywhere, with property values shooting to the moon.
Famous for its sprawl, general size, and massive office parks, the Dallas-Fort Worth metroplex is the perfect place to deploy cost segregation. The DFW area is smothered in short-life depreciation, a wonderful source that can be used to lower income taxes. With many corporate headquarters, offices, infrastructure, warehouses, and apartment blocks, there are thousands of commercial properties in Dallas and the surrounding area that would benefit from cost segregation.
O’Connor is a Texas mainstay and has been helping Texans with their taxes for 50 years. While one of the largest property tax consulting firmss in the country, O’Connor is also a pioneer in cost segregation, being an early adopter of it. With many appraisers that are well-versed in cost segregation, O’Connor can land you the best deal while also pleasing the many requirements of the IRS. Consult the table below to see just a few commercial properties that prospered thanks to expert cost segregation.
Sample of Actual Study Results
| Asset Type | Depreciable Basis | Purchase Date | Year of Study | 1st Year Additional Depreciation | 1st Year Tax Savings | Year 1 Payback | Initial 5 Years Tax Savings | 5 Year Payback |
|---|---|---|---|---|---|---|---|---|
| Warehouse | $1,239,420 | 03/01/16 | 2016 | $30,682 | $12,150 | 4.9:1 | $59,445 | 25.0:1 |
| Multifamily | $6,900,000 | 12/01/15 | 2015 | $103,242 | $40,884 | 15.0:1 | $590,144 | 218.0:1 |
| Hotel | $2,340,241 | 10/01/12 | 2015 | $185,590 | $73,494 | 22.1:1 | $98,300 | 30.6:1 |
| Multifamily | $12,550,000 | 12/01/15 | 2015 | $182,778 | $72,380 | 26.6:1 | $1,054,667 | 389.0:1 |
| Retail | $5,418,750 | 03/01/16 | 2016 | $107,542 | $42,586 | 13.1:1 | $229,257 | 71.8:1 |
Results
* * Results from “Catch Up” studies which allow the owner of properties purchased in previous tax years to benefit from cost segregation in the current tax year without filing amended returns.
** Mid-Quarter depreciation convention utilized due to purchase date.
NOTE: NOTE: The above listed tax savings are based on a 39.6% tax rate for the owner.
