Property Tax Partners

From the entire PTP Team, Happy Labor Day!

Much deserved congratulations, Becky Long! Becky just achieved her Senior Property Tax Consultant License from the Texas Department of Licensing and Regulation. The certification test includes all the principles of property tax valuation, as well as the incorporation of the most recent legislative changes that impacts taxpayers.

Congratulations, Becky!

Most companies have disciplined processes for managing costs and capital. Property taxes, however, are often reviewed less frequently than other major expenses.

That can create risk when assessments lag behind changing market conditions, asset utilization, or broader economic trends.

A thorough review of property tax assessments won't solve every margin challenge, but it can identify savings opportunities that flow directly to the bottom line with minimal operational impact.

It's worth asking: are property taxes being evaluated with the same rigor as other significant expenses?

Startup founders: here's a property tax mistake that's easy to overlook.

When you're building a company, property tax strategy probably isn't at the top of your priority list.

And honestly, it shouldn't be.

But it should be on the list.

Why? Because what starts as a handful of assets can quickly turn into:
➡️ Multiple locations
➡️ More reporting requirements
➡️ Larger assessments
➡️ Increased administrative complexity

The companies that scale most efficiently aren't just planning for growth—they're building the right infrastructure before they need it.

A proactive property tax strategy helps:
✅ Improve budgeting and forecasting
✅ Support compliance as your footprint grows
✅ Create consistent processes from day one
✅ Reduce surprises down the road

That's why working with Property Tax Partners from inception can be so valuable. Not because property taxes are a major issue today but because they're easier to manage when the foundation is already in place.

The best property tax strategy isn't reactive. It's built before anyone realizes they need it.

Many companies treat property taxes as a once-a-year event.

The assessment arrives. Deadlines approach. Appeals begin.

But by that point, many of the factors influencing the year's tax liability have already been set in motion.

That's why proactive tax planning is a critical step in the property tax cycle.

Throughout the year, companies should be evaluating:

✅ Asset additions and retirements
✅ Reporting and compliance requirements
✅ Assessment trends and valuation methodologies
✅ Jurisdiction-specific risks and opportunities
✅ Upcoming filing and appeal deadlines

A proactive approach helps organizations reduce tax exposure, avoid surprises, and improve budget predictability long before a tax bill is issued.

For asset-intensive businesses, property taxes are not just an annual obligation. They're an ongoing expense that benefits from year-round planning.

**The most effective property tax strategies don't start with an assessment notice. They start months earlier with proactive planning.**

Carbon Capture Isn't New. But Its Property Tax Implications Are.

The first carbon capture well was drilled in 1972.

While carbon capture and storage (CCS) is getting a lot of attention today, the technology itself has been around for decades. Carbon is injected underground and stored in porous rock formations beneath layers of caprock, creating a secure storage environment.

CCS also plays a role in enhanced oil recovery, helping operators maximize production while reducing reliance on water injection.

So what does this have to do with property taxes?

Quite a bit.

As carbon capture projects expand, so do the property tax considerations:

✅ Surface and injection equipment
✅ Pipelines and infrastructure
✅ Carbon storage interests
✅ Royalty and revenue streams
✅ Compliance and reporting requirements

Much like mineral interests, carbon-related assets can create unique valuation and tax challenges.

For companies investing in CCS, understanding the tax implications early is just as important as understanding the technology itself.

Carbon capture may be a decades-old technology, but the property tax framework surrounding these assets is still evolving. Companies that address valuation and tax considerations early will be better positioned to avoid surprises down the road.

Congratulations to Tracie Jackson on celebrating her 10th anniversary with PTP. We are lucky to have you!

📅 Mark Your Calendar: July 25 — Certification of Values Deadline

In Texas, July 25 is a critical date on the property tax calendar. It's the statutory deadline for chief appraisers to certify the appraisal roll to taxing units — counties, cities, and school districts — under Tax Code Section 26.01.
By this date, at least 95% of the tax base (by value) within the district must have finalized appraised values. Once certified, this roll becomes the foundation for:

✅ Setting tax rates
✅ Issuing tax bills
✅ Finalizing your tax liability for the year

For property owners, this deadline matters because most avenues for protesting your valuation close once the roll is certified. If you haven't reviewed your assessed values or considered whether an appeal is warranted, the window is narrowing.
At Property Tax Partners, we help clients across energy, industrial, and manufacturing sectors stay ahead of these deadlines — reviewing assessments, filing timely appeals, and building long-term tax planning strategies.

Questions about where your property stands this cycle? Let's talk.

Are you headed to the Wichita Property Tax Conference?

Be sure to connect with Jason Watson and Leean West, who will be sharpening their skills on unitary tax issues. At PTP, we work hard to stay current on property tax legislation, policies and trends that impact our clients.

⚽ At PTP, we love soccer.

But if we're being honest?

We're not huge fans of **stoppage time.**

Not because it isn't necessary. Because it's unpredictable.

One minute the clock says 90:00. The next thing you know, there's another 12 minutes to play.

At Property Tax Partners, that may be why we're so passionate about reducing uncertainty.

Property taxes come with enough unknowns already:
• Assessments that change unexpectedly
• Complex reporting requirements
• Filing deadlines
• Valuation disputes
• Compliance risks

Our job is to help clients replace surprises with strategy.

While uncertainty might make for exciting soccer, it's not something most businesses want in their property tax process.

**The less time spent wondering what's coming next, the more time spent focusing on what matters most.**