We are in the thick of property tax season, and this stage focuses on compliance, exemptions and incentives. Our tax calendar is our best friend at this point, ensuring that we meet all deadlines with excellent quality of work. Next step: valuation negotiations!
Did you know that in some states unpaid property taxes can convey with real property in an acquisition? The taxes are attached to the property, and a new owner might be responsible for delinquencies. Whether paid by the buyer or seller, call PTP so there are no surprises.
🚩 Texas Deadline Approaching
Personal property returns are due April 15. If you want to get ahead of the rush, PTP can help you negotiate values early and position your business for the best possible outcome.
Happy National Pi Day!
To celebrate - we're having a contest.
🥧 Prize to the first person who comments with pi correct to six decimal points (no lookups, honor system in effect!)
Leean West and Chris Rischan are at the Tax Executives Institute (TEI) - Houston Chapter Tax School Week 1 and ready to answer any questions you may have. Come see us!
PTP is carving up savings, and a little brisket on the side. We’re proud to champion small businesses, especially when their products are this exceptional.
Knives engraved by KTK Kustom Tumblers and Kreations on Insta and Facebook.
With site inspections wrapping up, we’re now moving into the valuation analysis phase. Determining an accurate value requires a deep dive into every component, from asset classification and useful life to the many forms of obsolescence.
Jeff Mills and Beckly Long attended the 26th Annual Dallas Stars Casino Night in support of the Dallas Stars Foundation.
We’re grateful to be part of events that bring business leaders, athletes, and community partners together for such an important cause.
Go Texan Day is right around the corner, marking the unofficial kickoff to the Houston Livestock Show and Rodeo, a tradition that brings our entire community together to celebrate Western heritage and the start of Rodeo season.
Congratulations Amy Dufield for celebrating your 10-year anniversary with PTP. We are grateful for your knowledge, your humor, and your dedication. Thank you for all that you do!
In the midstream sector, accurate asset valuation isn’t just good practice; it’s a major opportunity for tax savings and operational clarity.
Thoughtful review and verification can translate into meaningful tax savings and a more accurate picture of your operational footprint.
It’s site inspection season, and time to verify that the equipment on site matches the asset listings. For companies that have gone through acquisitions or divestitures, this step becomes even more critical.
Accurate records lead to accurate valuations—and that’s real savings.
PTP connected with leading members of the oil and gas industry last week at the Texas Oil & Gas Association’s Ad Valorem Tax Committee Annual Conference. The property tax community is a close‑knit one, and it’s a pleasure to collaborate with our clients, colleagues, and friends.
⏰ O&G Operators — Data Collection Season is here!
Now’s the time to pull together:
- Fixed Asset Listings
- Expense Data
- LOS
- Division Orders
- Well Status Reports
The earlier we can engage in this stage of the property cycle, the smoother the process becomes.