about2

The Armstrong Company was founded in 1987 to address the property tax needs of companies that owned complex industrial property. Our firm is a Christian based, issues oriented firm, which specializes in the analysis and valuation of manufacturers’ personal property and real property assessments.

Our approach is centered on the representation of a limited number of new properties each year, thereby giving our firm the necessary time to fully develop the issues of each case and to find the proper valuation solutions in accordance with the prevailing tax laws for the state in which the property is located. This approach includes an extensive on-site inspection of the property and interviews with key personnel most familiar with the overall process and the individual assets being valued. The Armstrong Company then forms a team of knowledgeable professionals, including attorney’s proficient in the state’s property tax laws and qualified independent appraisers to prepare a full and detailed valuation of the property and address all issues involved in the assessment.

A key element to our success is the time expended to develop each case. In addition to gaining a working knowledge of the subject properties' production process and equipment employed, our firm must also research the past years assessments to be able to determine how the property is being valued by the assessment office. Once the methodology is determined, then the issues of assessment can be determined and addressed. These issues most often include but are not limited to economic and functional obsolescence not addressed by the various state depreciation schedules, effective, economic and physical life issues, inventory market value as defined by property tax laws as compared to GAAP accounting costs, and incorrect fixed asset listings that often include "ghost assets" and capitalized items of maintenance and repairs, which though capitalized for accounting purposes may not add to the market value of a particular asset.

Because the various assets employed in a manufacturing process, even within the same industry, are unique in makeup and characteristic, valuation results vary. Therefore, no guarantees of outcome can be made prior to the valuation process. It is for this reason our firm works exclusively on a contingency basis in which the client pays our firm nothing unless our efforts benefit the client with real tax savings.

The Armstrong Company is honored to have the opportunity to explain our services and explore whether the services we provide are a fit for the needs of your company.

J. Mart Armstrong
President