Chemicals and Refining
Industry-Tailored Tax Solutions for Chemicals and Refining
Welcome to Industrial Tax Consulting, your destination for comprehensive tax services tailored to the chemicals and refining industry. Our team of seasoned property tax professionals stands at the forefront of the downstream sector. Collaborating extensively with partners in the chemicals and refining sectors, we bring forth a strategic approach enriched with industry insights. At ITC, we don’t just offer tax expertise—we deliver specialized solutions that mitigate risks, uncover hidden tax savings, and drive increased cash flow for your business.
Property Tax Services
Property Tax Consulting
With a profound understanding of the unique intricacies in this sector, we provide specialized property tax consulting that sets you on the path to financial success. We understand that each asset within chemicals and refineries plays a pivotal role, and our tailored approach ensures accurate assessments and streamlined tax management.Cost Segregation Services
Industrial Tax Consulting introduces a specialized cost segregation service designed exclusively for the chemicals and refinery industry. By segregating costs into shorter recovery periods, we help you maximize tax benefits and enhance cash flow. From specialized equipment to complex infrastructure, our industry-specific insights ensure precise identification and classification, resulting in optimized tax strategies.Business Personal Property
Industrial Tax Consulting offers an industry-tailored business personal property service crafted specifically for the chemicals and refinery sector. With our strategic focus within this dynamic industry, we possess a comprehensive understanding of the unique assets, equipment, and operations that characterize your business. Whether it’s complex machinery or specialized equipment, we navigate the intricate landscape of chemicals and refineries to unlock value and streamline tax liabilities.Obsolescence Studies
With our strategic positioning within this sector, we understand the dynamic lifecycle of assets and evolving technologies. Our expert team conducts thorough assessments to pinpoint and quantify equipment obsolescence, ensuring precise property valuation and optimized tax outcomes. By leveraging our industry-specific insights, we ensure that your asset valuations accurately reflect the market reality.
Real Estate
Leveraging their deep expertise and industry insights, ITC assists industrial property owners in navigating the complex landscape of property taxation. From conducting meticulous assessments of industrial assets to formulating strategic tax reduction plans, ITC’s team of seasoned professionals ensures that clients’ real estate holdings are accurately valued and optimally assessed for tax purposes.
Valuation and Financial Reporting
Our experienced team delivers meticulous valuations that align seamlessly with financial reporting requirements, ensuring precision and compliance. Recognizing the diverse range of assets within chemicals and refineries, from complex machinery to advanced technologies, we offer a comprehensive approach that considers every aspect of your business.Site Selection and Tax Incentives
With a comprehensive understanding of the unique requirements and challenges in this sector, we bring a wealth of insights to guide your critical decisions. Our specialized team is dedicated to assisting you in identifying strategic locations that align with tax incentives while also considering the regulatory landscape and infrastructure requirements specific to chemicals and refineries.Sales and Use Tax
Our team of experts is well-versed in managing the complexities of sales and use tax compliance, ensuring your operations adhere to evolving tax regulations. Whether it’s equipment acquisitions, project expansions, or supply chain management, we offer insightful guidance to minimize tax liabilities and optimize operational efficiency.Pollution Control and Other Exemptions
We recognize the environmental and regulatory intricacies that define your operations. Our team of experts is committed to identifying and capitalizing on applicable pollution control exemptions and other tax incentives. By aligning your processes with environmental responsibility while reducing tax liabilities, we ensure a balance between sustainable practices and financial gains.Issues to Consider for Property Tax Valuation Analysis and Negotiation
- Are your fixed asset ledger acquisition costs and dates truly original or a purchase price allocation?
- Are intangible costs that can be excluded from your cost base being reported or capitalized on?
- Has an analysis been performed to determine the actual plant and equipment lives of your facility in comparison to the local assessing or appraising authority depreciation tables?
- Has all pollution control-related property that would qualify for permanent property tax exemption been identified and certified by the approval authority?
- Are there units or areas of your plant that need to be utilized and used at full capacity?
- Has the cost of raw materials increased, or have other conversion costs occurred that cannot or have not been passed on to your customers?
- Have there been changes in technology or operating efficiencies not reflected in your property assessment?
- Are impending or recently enacted regulatory policies expected to diminish profitability?
- Would a knowledgeable buyer replicate your existing facility, or would it be constructed differently?
Free Property Tax Optimization (PTO) Consultation
If you have any questions regarding our services, please fill out this form, and we’ll reach out to you as soon as possible to schedule a free and non-committal Property Tax Optimization (PTO) consultation.
Client Testimonials

“Along with years of experience and expertise consulting on all matters related to property value, Mark and his staff of consultants provide a level of comfort for their client that is second to none. Industrial Tax Consulting previously provided guidance on valuation and inventory which netted GE significant savings.”

“I can vouch for (ITC’s) expertise with property and equipment. I saw firsthand what they did to significantly reduce Oceaneering’s property tax liability, in some locations by over 50% from the proposed notice of value. In conclusion, I strongly recommend ITC.”

Why Choose ITC?
Choose Industrial Tax Consulting as your trusted tax partner for chemicals and refining property tax services to unlock a transformative approach to navigating the complexities of this dynamic industry. With a dedicated focus on the chemicals and refining sector, we possess a unique blend of specialized expertise and strategic insights for our clients operating within the downstream industry. Our team’s in-depth understanding of the nuances within the industry ensures that your tax strategies are compliant and optimized for efficiency and value. By partnering with ITC, you’re selecting a partner (property tax advisor) that doesn’t just provide standard tax solutions but offers industry-tailored services crafted to align with your specific goals and challenges. With our commitment to accuracy, innovation, and maximizing financial advantages, ITC stands ready to empower your success within the ever-evolving chemicals and refining landscape.
Other Industries We Serve









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Address
13105 Northwest Freeway Ste. 1115 Houston, TX 77040
Office Locations:
Austin, Houston, Dallas, Fort Worth, Denver, Permian Basin
Email Address
solutions@itctax.com