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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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
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...
15th May 2018

Landrieu Admin Might’ve Improperly Diverted Millions in Property Taxes

Mayor Mitch Landrieu's administration may have improperly diverted millions of dollars in property taxes meant for schools, flood protection, drainage, public safety and neighborhood improvements to several state retirement systems.

That’s according to a lawyer for the Downtown Development District and documents filed in its lawsuit seeking a refund of about $400,000.

According to state Supreme Court rulings and an Attorney General’s Office opinion, local governments are not allowed to use property taxes for expenses not approved by voters. However, from at least 2014 to 2016, the city used between $3.7 million and $4.2 million of those taxes to contribute to state pension funds.

In March, The Advocate reported that the Downtown Development District had demanded repayment of hundreds of thousands of dollars that it said the city had collected on its behalf but then diverted to the retirement funds.

The district sued the city in April. It argued that its tax, which is levied on properties in the Central Business District, can be used only to fund its own activities, such as sidewalk improvements, a new homeless shelter and enhanced security in the CBD.

Read full article by Charles Maldonado here
14th May 2018

Sales Tax Up, Up & Away

Extra Sales Tax not Expected Till January- North Carolina

The new sales tax that Pasquotank voters approved in last week's primary election to support public schools may not start bringing in more revenue until January, Pasquotank officials said Thursday......read full article here

Onondaga County Sales Tax Revenue is Up, Mahoney Credits Tourism Investments- New York

Sales tax receipts are up in Onondaga County. Onondaga County Executive Joanie Mahoney said it shows there has been a return on the investment in things like the St. Joseph’s Health Amphitheater at Lakeview......read full article here

Special Election for Sales Tax Increase Could Cost a Million- Florida

DAYTONA BEACH, Fla. (AP) — A special election to consider a proposed sales tax increase in northeast Florida could cost voters as much as $1 million next year.  The Daytona Beach News journal reports Volusia County voters are unlikely to see any proposal until 2019 to increase the sales tax by a half a cent.....read full article here

Now There is Only One Unlikely Path to a Pima County Road Repair Sales Tax- Arizona


Lost in the din of budgetary wrangling at the state Capitol, a major transportation funding bill made it to the goal line but never crossed.  Among other things, HB 2162 would have allowed the Pima County Board of Supervisors — on a simple majority vote — to refer to the voters a half-cent expansion of the RTA tax for road repair.....read full article here


City Sees Increase in Q1 Sales Tax Revenue- New York

Earlier this week, Joseph Bellitto, city comptroller, announced that sales tax revenues during the first quarter increased by $83,847, or 6.13 percent, compared to last year. He said the city is at 24.20 percent, or $1,452,104, of the $6 million city officials budgeted for the year. .....read full article here

 
14th May 2018

County Proposing End of Energy System Tax Exemptions

BATAVIA — Genesee County is proposing a local law to eliminate tax exemptions for certain energy systems. Community members will get a chance to speak on the proposed elimination of these exemptions at a public hearing at 5:30 p.m. May 23 in the Old Courthouse, 7 Main St.

State Real Property Tax Law says properties containing various energy systems - including solar energy, wind energy, farm waste energy, micro-hydroelectric energy, fuel cell electric generating, micro-combined heat and power generating equipment or an electric energy storage system approved by the State Energy Research and Development Authority - are exempt from taxation for 15 years on any increase in assessed property value due to the system.

The state law says each county, city, town, village and school district (except the city school districts of New York, Buffalo, Rochester, Syracuse, and Yonkers) may choose whether to disallow the exemption for energy systems which began construction since Jan. 1, 1991, or which begin construction before Jan. 1, 2025, and to micro-hydroelectric energy systems, fuel cell electric generating systems, micro-combined heat and power generating equipment systems, or electric energy storage equipment and electric energy storage systems constructed after January 1, 2018 or the effective date of the local law or resolution, whichever is later.

The option must be exercised by counties, cities, towns, and villages through adoption of a local law and by school districts by adoption of a resolution.

Read full article by Brian Quinn here
11th May 2018

Texas Oil Drilling Permits Rose 34% in April

Texas's energy regulator issued a third more oil and gas drilling permits in April than a year ago, according to data released on May 10, as higher prices continue to spur an increase in activity.

The Railroad Commission of Texas, which regulates the state's oil and gas industry, issued 1,221 original drilling permits in April, up around 34% from last year.

Oil prices have climbed to near $71 per barrel, its strongest level in nearly three and a half years, aided by production cuts from OPEC and declining supplies from Venezuela.

A fresh round of U.S. sanctions on Iran announced this week also is anticipated to take some supply out of the market, further supporting prices.

Well completions in Texas also rose in April, with the regulator processing 616 oil completions, vs. just 439 a year ago. The commission has processed 3,514 completions so far this year, an increase of 43% from the same time last year.

Although completions are on the rise, the backlog of drilled-but-uncompleted wells (DUCs) continues to tick higher as the availability of hydraulic fracturing crews remains tight. There were some 3,044 DUCs in the Permian in March, up 122 from the month prior, according to the U.S. Energy Information Administration.

Read full article by Reuters here

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