Baker & O'Brien, Inc.

Experience

Experience

 

Case Attribute: Ad Valorem Taxes

Article
Chemical Plant Fair Market Valuations for Ad Valorem Tax Appeals
Developed fair market valuations for two major chemical plant installations on behalf of the local appraisal district. The engagement included valuation by discounted cash flow, depreciated replacement cost, and comparable sales approaches, as well as a critique of the petitioner's methodologies and assumptions.
Ad Valorem Taxes , Physical Asset Appraisal , Pricing
Cogeneration Plant Property Tax Dispute
Assisted municipality in developing preliminary value estimates for cogeneration facility under appeal. Work focused primarily on income approach values based on various forward pricing scenarios.
Ad Valorem Taxes
Contractual Dispute - Property Tax
Prepared an analysis of property taxes relative to refining complexity for a number of refineries in a particular region, using public information, for hearings with a district appraisal board.
PRISM Data or Analysis , Ad Valorem Taxes , Physical Asset Appraisal , Pricing
Fair Market Valuation of Refinery for Ad Valorem Tax
Fair market valuation of a major US Gulf Coast refinery for the local appraisal district.  Provided a critique of the valuation methodology used by the refinery as basis for lawsuit seeking reduced ad valorem taxes.
Ad Valorem Taxes , Pricing
Polypropylene Manufacturing Facility
Provided a cash flow valuation of a polypropylene complex in support of an ad valorem tax matter. The valuation included analysis of recent historical operations, review of the markets for feedstocks and products, development of operating costs, and analysis of industry trends.
Ad Valorem Taxes , Pricing
Preliminary Refinery Value Assessment
Established a preliminary valuation assessment of a refinery for a local taxation district. Assessment was used in initial discussions with the taxpayer.
Ad Valorem Taxes
Refinery Valuations
Prepared annual property values for several major refineries amounting to several billion dollars.  Assisted with discovery, inspected each of the plants, and analyzed refinery operations and profitability.  Assisted in negotiating settlements.  Testified in public hearings before appeals boards.
Ad Valorem Taxes , Expert Witness/Testimony
Refinery Valuation for Ad Valorem Taxes
Developed a cost approach estimate for the valuation of process units at a U.S. Gulf Coast Refinery.  Calculated a replacement cost new for the process units and adjusted for physical depreciation, functional obsolescence, and economic obsolescence to arrive at a physical asset value for the refinery's process units. 
Ad Valorem Taxes , Physical Asset Appraisal