(866) TAX-1139 info@itctax.com

oil and gas ad valorem tax services

Industrial Tax Consulting’s specialized oil and gas property tax consulting group located in Houston, Texas, in conjunction with our Permian Basin and Denver offices, enables us to serve clients with oil and gas properties, leases, and operations in all the major plays and oil producing states.

Our Industries

Upstream

Appraisal of Producing Oil and Gas Leases and Supporting Assets

Midstream

Pipelines, Crude Oil Terminals, Truck Loadout Stations, and Compressor Stations

Downstream

Chemicals, Refining, Gas Processing, and NGL Plants

Subsea Equipment

Wellheads, Control Systems, Turbomachinery, Pipes, Trees, and Manifolds

Proppants

Sand Mines,Trans-Loading Facilities, and Transportation Assets

Oilfield Equipment Manufacturing

Pipe, Downhole Tools, and Vessels

Rentals

Fishing Tools, Submersible Pumps, Mobile Equipment, and Compressors

Well-Servicing

Workover Rigs, Wirelines, Pressure Pumping, Fracking, Cementing, and Trucking

Exploration

Seismic and Geophysical Equipment and Operations

industrial tax consulting (ITC)

ad valorem tax specialist

Our industry specialized oil and gas Ad Valorem tax group is comprised of highly experienced oil and gas property tax professionals, Appraisers, Engineers, and Senior Property Tax Consultants, with over 40 years of private practice in appraising minerals, pipelines, and oilfield service equipment nationwide.

 

years experience

Appraising minerals, pipelines, and oilfield service equipment nationwide.

Million

In pollution control (TCEQ) exemptions acquired for clients across the nation.

oil and gas specialists

We take a lean approach to our consulting. As a result, you get the one-on-one attention you deserve.

Billion in Market Value

ITC represents over 3 Billion in market value for clients operating with the energy industry.

Nationwide Coverage Local Expertise

Industrial Tax Consulting (ITC) is a national full-service indirect tax consulting and property tax advisory firm headquartered in Houston, Texas. Since 2003, ITC has been providing taxpayers within the oil and gas industry with innovative and cost-effective tax reduction solutions that minimize taxpayer liabilities while maximizing tax savings through incentive and exemption discoveries.

Our comprehensive suite of ad valorem tax reduction services includes:


Multi State

Tax Compliance Services

Business Personal Property filing deadlines are statutorily driven and vary by state. By leveraging state-of-the-art tax compliance software we can manage property tax return filing process nationwide, so you don’t have to. We simplify the compliance process, removing the burden from you.

  • Tax Return/Rendition Prep and filing
  • Site Inspection with Assessor and Site Personnel
  • Annual Assessment Review
  • Tax Bill Payment and Processing

(BPP) Business Tangible Personal property

valuation services

Personal Property includes tangible assets such as furniture and fixtures, machinery and equipment, computers, vehicles, inventory, and raw materials. We will identify underutilized, obsolete, and ghost assets to ensure the property is correctly classified and appraised.

  • Mobile Personal Property Valuation
  • Inventory Valuation
  • Situs and Taxability Determination
  • Personal Property and Real Property Segregation
  • Economic, Functional, and Residual Life Analysis
  • Underutilized Asset Identification

Special-use and complex oil and gas property

real property appraisal

Our industry specialized energy property valuation group is built from oil and gas property tax professionals, previous assessors, contract appraisers, Engineers, and Senior Property Tax Consultants, with over 40 years of private practice in appraising minerals, pipelines, and oilfield service equipment nationwide.

  • Site Inspection With Facility Personnel and Assessing Authorities
  • Real Property Appeal Filing and Representation
  • Appraisal Review Board Representation
  • Fixed Asset Classification of Real and Personal Property
  • Third-Party Property Valuation Contracting
  • Income, Cost, and Market Approaches to Valuation
  • Obsolescence Studies
  • Fair Market Value Analysis

Nationwide Property assessment

appeals and protest services

Industrial Tax Consulting’s real and personal property tax appeal services are performed by our in-house team of CMIs, Certified Appraisers, and Senior Property Tax Consultants, all backed by over 40 years of property tax consulting experience within cooperate, public, and contract engineering service firms.

  • Appeal Preparation, Filing, and Negotiations
  • Appraisal Review Board Representation
  • Informal and Formal Settlement Negotiations
  • Appeal Management Through Annual Reviews and Reports
  • Mediation Services
  • Litigation Oversight and Negotiation Support
  • Expert Witness Services
  • Client-to-Counsel Support and Strategy
  • Third-Party Appraisal Services

Property Tax

Abatement consulting and exemption discovery

Before partnering with ITC, many of our clients were unaware of the wide array of available tax incentives and exemptions which could have significantly reduced their business’s taxable value. Whether filing a Freeport Exemption for your inventory, identifying and qualifying any Pollution-Control exempt assets, or negotiating an abatement for an expansion, by partnering with ITC, you will be taking a proactive approach to reducing tax liability through all available property tax exemptions and incentives.

  • Pipestock Inventory Exemption
  • TCEQ Pollution Control Exemptions
  • Mineral Appraisals
  • Severance Tax
  • Drilling Exemptions

Severance and Indirect

Tax Services

Due to ITC’s large network of specialized tax professionals within the oil and gas and energy supporting industries we are able to provide clients with a comprehensive suite of services that go above and beyond ad valorem taxation.

  • Tax Incentive Identification and Certification Consulting
  • Drilling Schedule Reviews
  • Severance Tax Process Initiatives
  • Tax Reimbursement Overview
  • Sales and Use Tax Audit Management
  • Tax Refund Processing

Mineral

appraisals

Due to ITC’s large network of specialized tax professionals within the oil and gas and energy supporting industries we are able to provide clients with a comprehensive suite of services that go above and beyond ad valorem taxation.

  • Severance Tax Incentives / Abatements
  • Bonus Payments Above Posted Price for Oil
  • Gravity and Quality Adjustments to Oil Price
  • Field-Wide Compression vs. Well-Site
  • Natural Gas Liquids Being Extracted at Downstream Plant

 

 

The Leading Provider Of Tax Reduction Services for the

U.S. Frac Sand Industry

Our specialized aggregate and mining property tax specialist has appraised and successfully represented the largest sand-mining and trans-loading operations in the U.S. W pride ourselves on having built one of the most active specialized frac sand industry client portfolios within the industry.

Click below to learn more ITC’s frac sand and mining expertise.

Testimonials

What our clients say

ITC team have substantially reduced the property tax expense for Oceaneeering properties in Texas and Louisiana. They exhibit professionalism and attention to detail that give me complete confidence in their work.

ITC has been effective at handling all our compliance needs on a nationwide scale. Furthermore, their level of expertise within the oilfield service sector and the appeals process is remarkable.

I had the opportunity to work closely with ITC and can vouch for their expertise with land-based drilling rigs and related equipment on a nationwide basis. I saw firsthand what they did to significantly reduce Nabors property tax liability, in some instances by over 50% from the noticed or proposed assessment.

Nationwide Property Tax

2019 Filing Deadline Calendar

Not sure of your state’s property tax return filing deadlines? Download our free updated 2019 multi-state property tax calendar.

Contact us

Get your free assessment analysis

ITC will provide you with a confidential in-depth property tax assessment liability analysis and tax exemption discovery that will show you where you might currently be overpaying in your taxes, or subject to future overtaxation, at no-cost.

Start saving more today with (ITC)

ITC is a nationally recognized provider of property tax and sales and use tax consulting services to clients with complex property types located throughout the United States.