Incentives & Exemptions

Incentives & Exemptions

Incentives and exemptions are essential to effectively managing and reducing industrial complex property tax liability. Knowing where to look and how to build the business case requires specialized industry expertise – the kind that we offer our clients.

Types of Complex Industrial Property Tax Incentives & Exemptions

We routinely find that many industrial taxpayers fail to take advantage of available property tax incentives on inventory and fixed assets.

A few of the most overlooked savings opportunities include “freeport pass thru” exemptions on indirect inventory shipments, interstate and foreign commerce exemptions on pre-committed inventory, pollution control exemptions, and vessels under construction.

We work with our clients to identify and quantify their exemption eligibility, including securing the proper documentation to support and secure available benefits.

Examples of Complex Industrial Property Tax & Exemption Savings

For example, we recently worked with a large electronics manufacturer to quantify their indirect inventory freeport exemption based on shipments to in state customers, yielding an increase in their exemption from < 5% to > 90%, resulting in over $150,000 in annual savings.

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Identify Incentive & Exemption Opportunities

In another case, we worked with the Texas Commission on Environmental Quality to quantify the incremental cost of double hull barges over single hull barges as an exempt pollution control device. We also work with our clients to negotiate and file their annual certification reports with the appropriate economic development authorities and taxing jurisdictions.

Find out how we can help your company identify incentive and exemption opportunities to support seeking a reduction of your complex industrial property taxes.

Resulting in Millions of Dollars of Industrial Tax Savings

Success Stories

Barge Industry

Barge Industry

$14M
ANNUAL
SAVINGS
IN 2018
Industry Association
BARGE
Industry Association
MARINE
  • A combination of exemptions, quantified functional obsolescence and economic obsolescence produced a 33% property tax savings for KIM’s allocated fleet assessment.

Atmel

Atmel

$488K
ANNUAL
SAVINGS
TAX SAVINGS OF 45%
Industry Association
MANUFACTURING
Industry Association
MANUFACTURING
  • 38.72% reduction of the assessed value for Atmel’s semiconductor manufacturing tools
  • 100% exemption on a non-operating production line

Fujitsu

Fuj Dark

$2M
ANNUAL
SAVINGS
TAX SAVINGS OF 50%
Industry Association
MANUFACTURING
Industry Association
MANUFACTURING
  • An IPTS client since 1998.
  • Savings earned through inventory exemptions, a non-taxable intangible asset study, and comprehensive economic obsolesence  analysis.

What Clients Say

Quotes

I have worked with John and the rest of the Industrial Property Tax Solutions team the last three years. They are highly capable tax professionals who possess a wonderful combination of tax technical skills and people skills, which are both necessary to navigate the pitfalls of state and local property taxes. With their assistance, we have lowered our annual property taxes.

- Scott Dant, Director of Tax -

American Commercial Barge Line LLC

What Clients Say

Quotes

I worked with IPTS' John Woolard, during my 17 year tender at Odfjell Houston. John had a sound understanding of our business which enabled him to apply innovative ideas, that were later used during our HCAD mediation process. As a direct result of his field work and experience, we were able to reduce our out-of-line HCAD property tax values from $60M to $38M culminating in major tax savings. John maintained strong working relationships with HCAD tax appraisers and he continuously sought ways to reduce our tax values. He gets results.

- Albert M. Noggle, Retired CFO and Interim President -

Odfjell Holdings US Inc

What Clients Say

Quotes

I’ve had the pleasure of working with John over the past 7 years. During this time he has shown me to be reliable, responsive and reasonable in his approach. Overall, he has served as a solid partner and has been instrumental in reducing our property taxes.

- Craig Wohlfort, Controller -

Austin American-Statesman

What Clients Say

Quotes

I have been worked with IPTS for three years. They are efficient and timely in the services that they provide for HID, and a great source of reference on Texas property tax issues. They keep us apprised of emerging tax related concerns in Austin.

- Teresa Wagner - Assistant Controller -

HID North America