Pub. 1 2020 Issue 2

19 ISSUE 2 | 2020 non-market easements or leases at the property. With regard to classification, a commercial building parcel may contain excess land, which should be classified as vacant rather than commercial, reducing the property tax liability for the excess land by more than half. Finally, some properties may qualify for a litany of exemptions under Kansas law. Managing commercial property taxes is an important part of operating almost any business. Just as business owners hire accountants to assist with income tax planning and compliance, they should consider consulting with a property tax professional to manage their property tax liabilities. Property tax professionals may be accountants, appraisers or attorneys, but not all accountants, appraisers or attorneys are property tax professionals. Before hiring someone, seek out a trusted referral and inquire about your professionals’ experience with Kansas property tax laws and processes.  FMSI www.fmsiconsulting.com 913.955.3355 FMSI is a small business founded and located in Kansas, specializing in assisting community banks succeed, a mission consistent with core CBA values. We have partnered with community banks for nearly 25-years providing core advisory services including asset/liability, investment, and liquidity management. FMSI advisors actively assess market conditions and bank balance sheets of different size, mix, and capital levels. Market conditions are constantly changing presenting opportunities and challenges for CBA member banks. Interest rates are increasing for the first time in nearly a decade and now is a perfect time to partner with a trusted, industry leader. Establishing an FMSI relationship provides confidence your bank is optimizing the balance sheet, deploying necessary strategies, maximizing profitability, and managing balance sheet risks. FMSI is a Kansas CBA Endorsed Provider (v) . . | . . Thenewslinkgroup.com https://www.thenewslinkgroup.com/ publications/Goldfish/index.html WHY ADVERTISE IN PRINT? — Satya Nadella CEO, Microsoft The true scarce commodity is human attention. Stinson LLP collaborates with clients ranging from individuals and privately held enterprises to national companies and international public corporations. Our accomplished attorneys leverage deep knowledge and experience to deliver practical guidance, helping clients minimize risks and realize opportunities. We take pride in our collaborative approach, our lasting relationships and our unique perspectives. Connect with us at one of our 13 offices nationwide and at stinson.com .