Cost Segregation Studies in Ohio
Perks of Cost Segregation in Ohio
Identify and Reclassify
Ohio property owners can reclassify components like machinery, lighting, and plumbing into shorter lifespans. This approach optimizes tax savings for manufacturing and residential properties.
Minimize Taxes in Ohio
Ohio property investors benefit from cost segregation by lowering taxable income through accelerated depreciation schedules. This enhances cash flow for manufacturing and residential properties.
Increase Profitability
Ohio investors boost profitability by leveraging tax savings from cost segregation to reinvest in residential or manufacturing projects. This creates stronger cash flow and growth opportunities.
State Depreciation Dynamics
Ohio’s partial conformity with federal bonus depreciation introduces unique challenges for property investors, requiring separate depreciation schedules for state and federal tax filings. This complexity makes strategies like cost segregation essential for reducing tax burdens and improving cash flow in manufacturing and residential properties.
Despite a modest 2.28% population growth, Ohio’s stable real estate market continues to attract investors seeking long-term gains. By reclassifying assets like machinery, lighting, and plumbing into shorter depreciation schedules, property owners can secure significant early tax benefits. These deductions free up capital for reinvestment into residential or manufacturing projects, creating opportunities for growth.
With a property tax rate of 1.59% and a median home value of $235,360, cost segregation proves especially impactful in optimizing cash flow. For a closer look at how cost segregation works in Ohio, visit this step-by-step guide.
Program Benefits
High Referral Fees: Earn 20% for each successful referral.
Valuable Service: Cost segregation studies range from $4,000 to $9,000.
Client Satisfaction: Help your clients save thousands on taxes.
How It Works
Refer: Introduce your clients to the benefits of cost segregation and refer them to us.
Connect: Ensure they mention your referral when they contact us.
Earn: Receive 20% of the fee once the cost segregation study is completed.
Ohio Cost Segregation FAQ
Can I do cost segregation for Ohio real estate?
No, Ohio does not conform to federal bonus depreciation. Property owners must follow Ohio’s depreciation schedules, which increases the complexity of state tax filings.
Is there a bonus depreciation for real estate in Ohio?
This state does not conform to federal bonus depreciation rules.
How much does cost segregation cost in Ohio?
Expect Engineered Modeling Study fees in Ohio to run from $900-$1,300, with Detailed Engineering Studies ranging from $3,200 to $9,500.
How does state income tax affect cost segregation in Ohio?
Ohio’s property tax rate of 1.59% and median home value of $235,360 demonstrate the advantages of cost segregation for lowering tax liabilities and boosting cash flow.
What is the state property tax rate in Ohio?
1.59%
Population Growth by State:
2.28%
Ohio population growth and cost segregation:
Ohio’s steady growth supports ongoing real estate development, where cost segregation improves cash flow for investors in stable markets.
Case Study: Cost Segregation Study Generates $76,504 in First Year Tax Savings for Ohio AirBNB Investment.
This case highlights the tangible advantages of employing strategic tax planning and cost segregation for real estate investors in Ohio's dynamic market, underscoring the importance of informed financial strategies for long-term success.
Property Details
In Ohio our client acquired a Office Building for $550,000 with the land valued at $122,490. To maximize their investment and optimize tax benefits, they engaged our team to conduct a comprehensive cost segregation study. Our analysis allowed us to identify and accelerate depreciation on various building components.
Maven Cost Segregation Results
In 2024 our client acquired a(n) AirBNB in Ohio for $550,000 with the land valued at $122,490. To maximize their investment and optimize tax benefits, they engaged our team to conduct a comprehensive cost segregation study. Our analysis allowed us to identify and accelerate depreciation on various building components.
Sean Graham
Founder of Maven Cost Seg
Sean is the founder of Maven Cost Seg. As a real estate investor and a registered CPA, Sean understands the tax benefits of cost segregation studies.