ETN Consultants Inc.
ETN Consultants Inc., formerly East Tennessee Valuation Inc., is a real estate consulting company based in Knoxville, TN. We provide a wide range of consulting services such as, property tax planning, property tax review, and resolving valuation disputes. We have extensive experience consulting with clients on property taxes, commercial real estate valuation, value disputes, and analysis for collateral lenders.
We are a member of Clarus Global Alliance. This alliance plugs us into an elite network of valuation professionals with a national presence and endless expert resources. This partnership coupled with our long-standing commercial real estate experience and local expertise means, whatever decisions your facing in commercial real estate today, we will find the right solution.
Contact us today (865) 281-1337 or firstname.lastname@example.org.
Need a clear road map?
You cannot make a major purchase without understanding what will happen to your taxes in the next few years. It’s not enough to look back over the last few years and project 3% increases going forward. Fighting with the assessor after you buy it is something you want to avoid. And what about tax incentives? What if you could lock in a tax reduction in advance? Or at least temper a major increase? Then there are short-term opportunities. What if you could avoid the conveyance tax? Or get a short-term exemption on the renovations you plan for immediately after the sale? What if there is a one-time grant available for your project? How would you know? This is what we do. Many of our clients learned the hard way . . . and a PTR is now an automatic “get” in due diligence.
Not in due diligence, but at the bidding stage? You want a reasonable ballpark for your projections but are not yet ready to spend the money you would once in due diligence. Thus, the PTR-Basic. A PTR answers two questions:
1) What happens to taxes in the next few years based on a given price?
2) Are there any tax incentives (PILOTs, TIFs, etc.) available?
A PTR-Basic answers the first question. Once in due diligence, we move to the more complete picture, answering the tax incentive question.
Amazingly, many hotel buyers (or their attorneys) still record the full purchase price (the going-concern), paying conveyance taxes on personal property and business enterprise value (BEV). In most states, the conveyance tax is to be paid on the real estate. And making a back-of-the-napkin allocation is risky. We provide clients with a solid, defensible, report allocating between the components of a going-concern purchase. We’ve spared clients from unnecessarily paying over a million dollars in taxes they should not have paid. As with the PTR, this is provided to clients leading up to the closing.
Securing a PILOT, a TIF, or some other long-term tax agreement can completely change the picture of a purchase. But there are many moving parts to getting one. There are statutory considerations, case law implications, political and valuation issues, and timing is huge. These are things we analyze in a PTR during due diligence, quantify the short- and long-term benefit, and, once approved, pursue in conjunction with the sale. We have LTA projects ongoing throughout the United States. If a LTA is possible, we’ll find it . . . and get it. It all begins with a conversation. Tell us about your plans and we’ll decide together whether we are a good fit.
Candidly, there are a lot of tax consulting firms. There are fundamental flaws that plague the industry. A lack of technical competency (appraisal), agreements that favor a bias against the client, and a posture that fosters distrust with taxing jurisdictions. If you are wondering why a tax appeal is taking so long, chances are it’s the result of one of these flaws. It’s not important how big a firm is. What matters is who is on point for you. We oversee client properties throughout the United States. For properties where a long-term tax agreement (LTA) was not possible, we monitor the reasonableness of assessments and case manage value disputes.
We do a lot of work with assessor’s nationally on helping resolve value disputes. We can, on the one hand, conduct an informal fact-gathering project with the goal of identifying where the differences are and helping to pursue resolution OR we can ramp up for a trial (all the while you are pursuing resolution).
The core competency of any commercial real estate or tax consulting firm should be in real estate appraisal. This is our core competency. If you are in a value dispute or need to settle an estate or facilitate a partnership disposition, we are available to provide defensible valuations and communicate those opinions in various forums. As with other services, it begins with a conversation.