Success Stories

Case Studies & Success Stories

IPTS achieves 5-year cumulative savings of $3 million for Longsol

Due to the large capital investment required to develop a utility scale solar array – including modules and balance of system cost – property taxes are the largest single annual operating cost.

However, like many advanced technologies, utility scale solar costs have dramatically declined – resulting in a significant loss in the fair market value of their tangible assets.

 

LEARN MORE

LongSol

Longsol Logo

$3.1M
ANNUAL
SAVINGS
TAX SAVINGS OF 80%
Industry Association:
ENERGY
Industry Association
ENERGY
  • Our multi-year representation of Longsol’s Webberville, Texas plant, based on the diminished replacement cost of PV modules, has generated savings greater than $3.1 million.

Higman Marine

Higman Marine

$2M
ANNUAL
SAVINGS
TAX SAVINGS OF 40%
Industry Association:
MARINE
Industry Association
MARINE
  • Our multi-year representation of Longsol’s Webberville, Texas plant, based on the diminished replacement cost of PV modules, reduced taxable value
  • Savings generated greater than $3.1 million

IPTS Negotiates Pollution Control Exemption, Saves Higman Marine Over $2 Million

Higman Marine, headquartered in Houston, Texas, is one of the many marine transportation companies facing adverse industry conditions. Since 1917, Higman Marine has provided inland transportation of petrochemicals by tank barges. With a fleet of 200 tank barges, the company’s growing number of complex assets increased their need for a knowledgeable partner to help achieve tax savings.

 

LEARN MORE

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.

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.

ValPak

Val Pak

$1.5M
ANNUAL
SAVINGS
TAX SAVINGS OF 77%
Industry Association
MEDIA
Industry Association
MEDIA
  • Economic and functional obsolescence quantified through excess capital and operating costs
  • Multi-year appeal of assessed value for their equipment based on a replacement versus reproduction cost model.

Ft. Worth Star Telegram

Ft. Worth Star Telegram

$355K
ANNUAL
SAVINGS
TAX SAVINGS OF 77%
Industry Association
MEDIA
Industry Association
MEDIA
  • Our tax reviews yielded a 77% reduction in taxable value based on our extensive database of newspaper equipment sales, supplemented by our comprehensive fixed asset valuation analysis incorporating replacement cost, functional obsolescence, and economic obsolescence.

Enjet

Enjet

$287K
ANNUAL
SAVINGS
TAX SAVINGS OF 42%
Industry Association
ENERGY
Industry Association
ENERGY
  • Our successful “equal and uniform” appeal of GTI’s Pelican Island chemical storage terminal per TPTC 42.26 (a) (3) yielded an approximate 42% annual savings.

Energy Fishing

Energy Fishing

$233K
ANNUAL
SAVINGS
TAX SAVINGS OF 51%
Industry Association
ENERGY
Industry Association
ENERGY
  • IPTS secured a property tax refund of 35% in Ector County, 69% in Gregg County, 56% in Wise County, and 62.5% in Hamis County based on a comprehensive fixed asset valuation analysis.