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Cost Segregation Ohio

Cost Segregation Study Results

Cost Segregation Ohio

Ohio is the seventh most populous state in the U.S., and the 10th most densely populated. Its geographic location has proven a significant asset as it links the northeastern U.S. with the Midwest. On its northern border, Lake Erie provides over 300 miles of coastline and numerous cargo ports, while Ohio’s highway network is within one day’s drive of 50% of North America’s population and 70% of its manufacturing capacity.

Cost Segregation Services Ohio

The capitol city of Columbus is Ohio’s major urban area, and along with Cleveland, Cincinnati and Toledo, is home to the majority of Ohioans. The economy ranks as the seventh-largest in the U.S., and is driven primarily by the manufacturing and financial activities sectors. It has the largest bioscience sector in the Midwest and is a national leader in the “green” economy. The manufacturing sector ranks as the third-largest in the U.S. in terms of GDP, and focuses primarily on plastics, rubber, fabricated metals, electrical equipment and appliances.

Cost Segregation Study Ohio

O’Connor Cost Segregation experts provide analyses for real estate owners in Ohio every year. Whether you are taking in a Mud Hen game up in Toledo, down in the ‘Nati for a Bengals game, or in the heart of the Buckeye State to take in a football game at The Ohio State University, you won’t be far from the site of a successful cost segregation study that reduced the owner’s federal income tax burden! When can we go to work for you?


Sample of Actual Study Results

Asset Type

Multifamily
Strip Center
Medical Office
Retail
Multifamily


Depreciable Basis

$2,333,910
$6,180,147
$400,764
$4,239,496
$20,712,820


Purchase Date

04/01/16
08/01/06
01/01/09
10/01/06
10/01/08


Year of Study

2016
2014
2014
2015
2015


1st Year Additional Depreciation

$129,199
$1,169,309
$110,870
$981,000
$4,841,447


1st Year Tax Savings

$51,163
$463,046
$43,905
$388,476
$1,917,213


Year 1 Payback

15.7:1
160.0:1
14.5:1
165.0:1
635.0:1


Initial 5 Years Tax Savings

$212,905
$478,445
N/A
N/A
N/A


5 Year Payback

66.3:1
166.0:1
N/A
N/A
N/A

* 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.

***Results include bonus depreciation first year calculations.

NOTE: The above listed tax savings are based on a 39.6% tax rate for the owner.

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