Property Tax Partners

As May comes to a close, we want to congratulate the Class of 2026. Whether a college grad or a high school grad, we wish the best for all of you!

We also want to congratulate all graduates in the PTP family. We wish you continued success in your endeavors!

Are you attending the Institute for Professionals in Taxation Annual Conference? You won't want to miss Jeff Mills, who will be presenting "Beneath the Surface: Navigating the Depths of Oil & Gas Mineral Ad Valorem Taxation" or Leean West, who will be presenting "Island Equilibrium: The Science and Spirit of Assessment Ratios".

Remembering the heroes who gave everything for our freedom. Wishing everyone a meaningful Memorial Day.

Jeff Mills and Kate Strittmatter had a great time representing PTP at NAPAC in Dallas. The content was top notch, and the networking was even better. Spending time with friends and clients is what PTP is all about.

Expertise. RELATIONSHIPS. Results.

PTP was proud to be a part of Oklahoma Association of Tax Representatives Spring Meeting. Jeff Mills, serving as OATR President, hosted Senator Dave Rader (Oklahoma Senate, District 39), Brook Simmons (President, The Petroleum Alliance of Oklahoma), Nathan Cahill and David Rohlmeier(Managing Directors, Insight Tax Advisors) and Wyatt Swinford (Attorney, Elias, Books, Brown & Nelson).

With a great cross-section of industries represented, OATR is a great organization for supporting Oklahoma taxpayers.

Next stop: Assessor's Conference!

That's a wrap for the May 2026 Tax School for the Tax Executives Institute (TEI) - Houston Chapter! PTP was a proud sponsor, and if you got a chance to come by, you may have seen Chris Rischan handing out the full-size candy bars in signature PTP style. Jeff Glasspool was a part of the speaker panel this year, presenting on property tax changes across Texas and surrounding states.

🔎 It’s Time to Negotiate Your Property Tax Values

For industrial, upstream, and midstream assets, property tax assessments are rarely straightforward, and they’re often overstated. Cost‑based assumptions, outdated depreciation schedules, and misclassified equipment can materially inflate taxable value.

With negotiation and appeal season underway, proactive review can protect margins and improve long‑term cash flow across large portfolios.

✅ Now is the time to review
✅ Now is the time to challenge
✅ Now is the time to reduce long‑term tax exposure

Replacement Cost Does NOT Equal Market Value

Texas manufacturing facilities are frequently valued as if they could be rebuilt overnight and sold at full utility.

In reality, market value reflects:

▪️Specialization
▪️Location dependency
▪️Functional limitations
▪️Operating economics

If your facility is being taxed like a brand‑new, generic plant, the valuation likely ignores critical context — and inflates value.

Tax Executives Institute (TEI) - Houston Chapter's Tax School Week 2 is upon us! We will be exhibiting Wednesday, May 6th for State and Local Update day. And don't miss Leean West, who will be presenting on Ad Valorem Tax across a variety of industries.