VALUE DRIVEN STATE & LOCAL TAX EXPERTS SERVICING ALL 50 STATES

Property Tax Consultants

FULL SERVICE AD VALOREM TAX CONSULTING

Valuation, Appraisal, Negotiation, Board Representation, Accruals, Tax Statement Approval, and IT Integration

BUSINESS PERSONAL PROPERTY

Streamline the complex multi-state rendition filing process and ensure all state & industry specific exemptions are taken

AUDIT DEFENSE

When government agencies become aggressive, we back up our work.  Our firm provides audit defense on behalf of clients who find themselves in a defensive position with regard to state and local tax.

DUE DILIGENCE REVIEW

Careful evaluation in a commercial venture involving merger, acquisition, takeover or privatization.

SEVERANCE TAX REVIEW

Recover lost tax dollars from over-payment of severance tax due to missed exemption opportunities.

SALES AND USE TAX REVIEW

Recover lost tax dollars from the wrongful payment of Sales and Use tax and correct SUT mistakes going forward.

PURCHASE PRICE ALLOCATION

KEA is the leading producer of FAS 141 PPA’s, specializing in business valuation for the energy & utility industry.

INDEPENDENT APPRAISAL

IA’s in cases of merger, acquisition, financing, goodwill, impairment and depreciation studies.

WE BELIEVE IN PROVIDING ONLY THE BEST FOR OUR CLIENTS

THE BEST VALUATIONS PEOPLE

THE BEST INDUSTRY KNOWLEDGE

THE BEST SYSTEMS

THE BEST CUSTOMER SERVICE

THE BEST VALUE ADDED TO YOUR ORGANIZATION

THE BEST RESULTS IN TAX SAVINGS

Our team of experts are ready to serve you

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Property Tax Consultants
Property Tax Consultants
Property Tax Consultants
Property Tax Consultants
Property Tax Consultants

THE STATE & LOCAL TAX EXPERTS

Average First Year Tax Savings Increase 20%
Average Reduction Success Rate 90%
Tax Savings Outweighs Our Fees 99%
Client Satisfaction Guaranteed 100%

REAL RESULTS

Average value reduction per location for National Industrial Developer in Year 1

$937,000

FIND YOUR INDUSTRY

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REAL RESULTS

Tax Savings for a large Oil & Gas Midstream client in 1 year

$30,000,000

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MULTI-STATE NATIONWIDE PROPERTY TAX COVERAGE

At KE Andrews, we represent a multitude of clients that have multi-state asset portfolios. We provide expert industry representation at the state level when it comes to new legislation, and monitor the constant state and local legislative changes that affect your bottom line nationwide. Our property tax consultants are ready to serve you. We are more than just a tax firm.  KE Andrews is a strategic partner.

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REAL RESULTS

Tax savings for a large Multi-Family client in 2017

$1,100,000

50

STATES OF ACTIVITY

2313

COUNTIES ACTIVE (76%)

81000

ASSESSED VALUE UNDER MGT (MILLIONS)

1124

SATISFIED CLIENTS

LATEST NEWS

2018
6th Jun 2018

Hall County Has to Act to Avoid Tax Increase

The Hall County property tax rate will have to be rolled back to 6.356 mills from the current 6.7 mills to avoid a property tax increase in the upcoming fiscal year.

It’s a hefty rollback rate for the county. The new rate was released by Hall County government on Tuesday, June 5, ahead of the Hall County Board of Commissioners budget sessions coming up later this month.

In 2017, the rollback rate would have taken the county from its tax of 5.716 to 5.501 mills — a drop of 0.215 mills. The current rollback rate is a drop of 0.344 mills, a larger reduction that comes from increasing property values in Hall County.

If you’re very confused by now, don’t worry. For property tax purposes, a single mill represents $1 of tax for every $1,000 of value. A homeowner with a house worth $200,000 with a property tax rate of 10 mills would pay $200 in tax each year.

However, there’s one more level of complexity to Hall County’s property tax: Residential property is only taxed at 40 percent of its value. Now, instead of that homeowner paying $200 in tax, he or she would pay only $40 at a tax rate of 10 mills.

So why is your tax bill so much higher than that? There are several other taxes layered on top of the county’s 6.7-mill tax.

That 6.7 mills goes to the county government’s general fund, which pays for the core of the county’s service (law enforcement, administration, finance and other operations). The county also collects a fire fund property tax to fund Hall County Fire Services and taxes some personal property.

Read full article by Nick Bowman here
23rd May 2018

IL Supreme Court Considers Law that Allows Hospital Property Tax Exemptions

A 2012 state law violates requirements in the Illinois Constitution by creating an easy path for nonprofit hospitals to receive property-tax exemptions without first requiring that the hospitals be used exclusively for charitable purposes.

That claim was made Tuesday by an attorney for a Cook County woman during oral arguments in front of the Illinois Supreme Court as part of the woman’s challenge of the law.

If the law is struck down in a high court ruling expected this fall, not-for-profit hospitals around the state might have to revert to the previous, less-predictable system for securing millions of dollars’ worth in annual property tax exemptions from officials at the county level and the Illinois Department of Revenue.

Area hospitals that could be affected include Springfield’s Memorial Medical Center and HSHS St. John’s Hospital, as well as hospitals in Jacksonville, Lincoln, Taylorville, Litchfield, Carlinville, Hillsboro and Pana.

“There’s no hook in this statute that says a constitutional test should be applied,” Chicago lawyer Kenneth Flaxman told Supreme Court justices on behalf of his client, Constance Oswald, who didn’t attend the court hearing.But lawyers for the state and the Illinois Health and Hospital Association, trying to secure a definitive ruling from the court on the law’s constitutionality, said references in the statute clearly imply that hospitals must satisfy the Constitution’s charitable requirement.

Read full article by Dean Olsen here
22nd May 2018

WV State, County Officials Fight Court Ruling That Could Mean Millions in Lost Tax Revenue



CLARKSBURG — Lawmakers and state, county and board of education officials are closely watching a state Supreme Court case that will determine if the West Virginia Tax Department must change the way it values oil production expenses on natural gas wells.

Antero Resources appealed the valuations to county commissions in several oil-producing counties. Each of those counties, including Harrison and Doddridge, upheld the state tax ruling, according to Harrison County Administrator Willie Parker.

“There is a cap on expenses per well, $175,000, and that’s one thing Antero and other companies were challenging. They appealed the Doddridge County cases to the business court out of Martinsburg,” Parker said. “That court decided in favor of the natural gas company.” Kevin Ellis and Al Schopp of Antero Resources said they could only speak generally about the ongoing case.

“Since this is still an active and pending case, we are not comfortable talking about the merits of the case. We disagreed with the mathematical equation they were using and how they were applying it. It is unfortunate the process takes this long. We’re hopefully coming to the end of the process, then everyone will move forward,” Schopp said.

Ellis added that all taxes assessed have been paid. “We’re just making sure the methodology is appropriate going forward,” Ellis said.

Read full article by Darlene Swiger here

22nd May 2018

Alaska’s Oil & Gas Production Tax: The Uncertainty Continues

The Alaska Oil and Gas Production Tax has been changed multiple times, particularly over the last 12 years. And each change in the statutes brings additional changes—and complications—to the regulations that the Alaska Department of Revenue (DOR) issues to implement the tax. Even the last few years are telling, with overhauls of the tax structure in 2013, 2016 and again in 2017, and debate about several production tax bills this legislative session. This uncertainty dramatically impacts the oil and gas industry in Alaska and investment in the state.

The oil and gas production tax structure is a critical consideration for oil and gas explorers and producers in Alaska due to its impact on project economics. It has been and will likely continue to be an area of uncertainty, and the Department of Revenue has finalized one set of regulations to implement House Bill 111, which passed last year, and has published a second set of draft regulations that govern carried-forward annual production tax losses that can be accrued starting in 2018.

Alaska’s oil and gas production tax regime is found at AS 43.55.011-AS 43.55.900. The production tax structure, including production tax rates, tax limitations, credits and other incentives varies depending on the area of the state that is the focus of the exploration, development or production activity.

Unlike other states that levy a severance tax on the gross value at the “wellhead,” Alaska’s production tax is levied on the net revenues of oil and gas production from leases or properties in the state, except for the federal and state royalty share and oil and gas used in drilling or production operations, or for repressuring. At a high level, the calculation starts with destination value, generally the higher of the sales price or a calculated prevailing value. The costs of pipeline and marine transportation are subtracted from the destination value to obtain the gross value at the point of production—the wellhead value.

Read full article by Jonathan E. Iversen here
18th May 2018

Tennessee Property Tax News

GOVERNER BILL HASLAM ENACTS LAW ALLOWING TENNESSEE WHISKEY BARRELS TO REMAIN EXEMPT FROM TAX

Gov. Bill Haslam signed a proposal into law Thursday that would continue to exempt whiskey distillers in Tennessee from paying property taxes on their barrels.


The proposal, which was overwhelmingly approved in the legislature, arose after a local audit deemed barrels owned by Lynchburg-based Jack Daniel's taxable.


As the legislation was under consideration, the company said it had not paid property taxes on its barrels since the end of Prohibition. Master distiller Jeff Arnett said Jack Daniel's would have to pay nearly $3 million this year if a tax were imposed. Read full article here...


TWO BRISTOL TENNESSEE LEADERS WANT TO RAISE PROPERTY TAX RATE

BRISTOL, Tenn. — Eight months after Bristol Tennessee City Council lowered the city’s property tax rate by 9 cents, two council members want to raise it.

The current budget was approved with a tax rate of $2.25 per $100 of assessed value, but last September, following the property reassessment that occurs every four years, council voted to lower it to $2.16. That brought some city projects, including plans to build an aquatics center, to a halt and resulted in cuts totaling $1.4 million to capital spending in all city departments.

Vice Mayor Margaret Feierabend said she wants council to consider an increase before property tax bills are mailed out in October.

“Council usually re-evaluates the property taxes every four years — but it’s a tradition — it’s not an ordinance,” she said. “We don’t have what we need in place to keep us up to speed with our competition in the Tri-Cities, in the region and in our country.” Read full article here...

FROM THE FIELD TO THE NEGOTIATING TABLE SINCE 1978

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