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
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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
27th Jun 2018

Pennsylvania Severance Tax: None for Now

Pennsylvania Gov. Tom Wolf has signed into law the state’s $32.7 billion budget, which does not include his calls to implement a severance tax on unconventional natural gas production.

Wolf signed the budget late Friday, marking the first time since he took office that lawmakers sent a budget to him before the June 30 deadline that also includes his signature. In previous years, quarrels over spending and taxes led to prolonged budget impasses and Wolf’s decisions to let the state’s spending plans become law without his signature.

The budget includes $2.5 million for the Department of Environmental Protection (DEP), which oversees oil and gas drilling in the state, to fill 35 positions. The agency has been chronically underfunded and understaffed, even as shale development has increased over the years. Wolf requested the funding to help fill positions in programs across the agency, including those that oversee air monitoring and oil and gas drilling, among other things.

The DEP’s $153 million general fund allocation is still just above where it was more than 20 years ago. About half of DEP’s budget comes from state and federal funds, while the other half comes from fees and fines. It is moving forward with a proposal to more than double unconventional oil and gas well permit fees to $12,500 to generate more funding.

While the budget -- signed by Wolf ahead of the general election in November, when he’ll face Republican state Sen. Scott Wagner -- included his request for more education funding, it did not include any new taxes or fees. Wolf, a Democrat, has proposed a severance tax every year since taking office in 2015.

Read the full article by Jamison Cocklin at NGI's Shale Daily

 



pennsylvania severance tax Pennsylvania severance tax

pennsylvania severance tax Pennsylvania severance tax
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

FROM THE FIELD TO THE NEGOTIATING TABLE SINCE 1978

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