Nationwide Oil and Gas Property Tax Consultants
Energy Ad Valorem Tax Consulting
how we save you MORE money
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.
We are one of the only property tax consulting groups that specializes in oil and gas services and has an active presence not only in the Permian Basin and Rockies, but outside of Texas.
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.
nATIONWIDE EXPERIENCE, LOCAL EXPERTISE
We are one of the only national property tax consulting groups that specializes in property tax reduction solutions for the oil and gas industry that has an active presence not only in the Permian Basin and Rockies, but outside of Texas.
‘I can vouch for ITC’s expertise with land-based drilling rigs and related equipment on a nationwide basis. I saw firsthand what they did to significantly reduce Nabor’s property tax liability, in some instances by over 50% from the noticed or proposed assessment.
Before engaging ITC, Xtreme Drilling had a longstanding relationship with another tax consulting firm. We had no plans to switch. ITC proved not only to be a cost-effective resource for our operation here in Texas, by successfully negotiating our original notice of value at about $24 million, down to $6 million, resulting in cash tax savings for Xtreme Drilling of over $600,000. But also in Wyoming and Colorado.
nationwide tax services
multi state tax compliance
Business Personal Property filing deadlines are statutorily driven and vary by state. Our team of compliance specialists, using state-of-the-art software, will track and manage your filing requirements, 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
appeals and protests
We are experts at addressing the unique characteristics and attributes of oil and gas properties, such as the functional and economical obsolescence factors that can significantly affect the appraisal of your property.
- Nationwide appeals and protest filing services
- Informal and Formal Negotiations
- ARB Representation Services
- Client Lawsuit Filings
- Litigation Oversight and Mediation Services
Exemption Discovery and Other Services
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
How do I know I need help?
In order to tell if you might be overpaying in tax, we can provide you with both a commitment-free and confidential property tax liability analysis of your properties and help you identify areas were you might be subject to overtaxation.
We are the leading provider of tax reduction services for the u.s. frac sand industry.