4. OWNERS AND
TENANTS
With a properly managed
appeal, your property could
qualify hundreds of
thousands, and in some
cases, millions of dollars in
annual savings. It is not
unusual for the taxes on
locally assessed property to
drop by as much as 75% or
more once railroad
designation is obtained.
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CUT PROPERTY TAXES
UP TO 75%
5. YOU MAY OWN
A RAILROAD
AND NOT EVEN
KNOW IT
Property that is part of a supply chain that uses rail for
the inbound or outbound transport or distribution of
goods may qualify as railroad operating property. You
may not even need railroad track leading onto or
across your site to qualify.
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7. RAILROAD DESIGNATION
By securing designation for your site as railroad operating property under the Federal
Transload Statute, our firm extracts your property from the jurisdiction of the local
assessor and places it under the jurisdiction of the State Department of Revenue. The
State will assess your property as a part of the “rail unit assessment” which establishes
the value of the entire railroad network of which it is a part. This reduces tax liability for
most qualifying property owners by as much as 75% percent.
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9. OBVIOUS
LOTS OF TRACK AND SWITCHES
MOVES FREIGHT ACROSS THE COUNTRY
CALLS ITSELF A RAILROAD
IT’S A RAILROAD
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TRANSPORT BY RAIL IS ITS PRIMARY SERVICE
10. SLIGHTLY TRICKY
RAIL IS NOT THE DEFINING PRODUCT
OR SERVICE
HAS TRACK AND SWITCHES ON SITE
RECEIVES OR SHIPS VIA RAIL
IT’S STILL A RAILROAD
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11. SUPER TRICKY
THERE IS NO TRACK ON THE PROPERTY
MATERIALS ARRIVE BY TRUCK
UNLOADED BY FORKLIFT AND SORTED INTO
CONTAINERS
DRAYAGE TO NEARBY RAIL YARD WHERE
THEY ARE SHIPPED BY RAIL
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AMAZINGLY, EVEN THIS CAN BE A RAILROAD
13. OWNERS AND
TENANTS
With a properly managed
appeal, your property could
qualify hundreds of
thousands, and in some
cases, millions of dollars in
annual savings. It is not
unusual for the taxes on
locally assessed property to
drop by as much as 75% or
more once railroad
designation is obtained.
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CUT PROPERTY TAXES
UP TO 75%
14. HOW LONG DOES IT TAKE?
Rail Designation
6 weeks
Rail Assessment
3 weeks
From Start to Launch
h
2022 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Administrative Setup
4 weeks July 20XX
Non-Rail Assessment
3 weeks
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16 weeks
16. RELATED SERVICES
COST SAVING
Railroad status gives you
superior negotiating power to
reduce costs for
• Demurrage
• Detention
FUNDING
Federal Loans for espansion or
restoration
• Crisi
• RAISE
• RRIF
ADVOCACY
Representation for
• Interchange Agreements
• Late Deliveries
• Bunching
• Failure to Pull
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18. FEDERAL FUNDING
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This program funds projects that
improve the safety, efficiency, and
reliability of intercity passenger and
freight rail.
The RAISE program helps
communities large and small fix
and modernize their
infrastructure
Up to $7.0 billion is reserved for
projects benefiting freight railroads
other than Class I carriers.
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20. HISTORY OF SUCCESS
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Our success achieving tax savings through rail designation and in defending
the designation when challenged is matchless in the field and represents
decades of accomplishment across numerous industries.
22. TAX ELIMINATION
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In certain cases, we are able to entirely eliminate the tax burden for a property.
23. MEET THE TEAM
David Dillon Kristina Bonesteel Max Callahan
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Business Development Strategic Counsel
Lead Counsel
24. SCHEDULE A
CONSULTATION
SIEGEL & CALLAHAN DILLON & NASH
312-629-0222
kristina@prptax.com
www.siegelcallahan.com
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