Barclay Damon’s S2S team provides comprehensive real and personal property tax compliance services, assisting clients in the energy industry with all aspects of their property tax obligations. We have extensive experience handling property tax issues associated with generation facilities of all types as well as oil refineries and pipelines. We begin every engagement with a comprehensive portfolio review of property tax liabilities and present a report and recommendations. Our dedicated compliance team offers full support in preparing annual filings with affected jurisdictions, managing and paying tax bills, responding to jurisdictional audits and inquiries, management of PILOT and related types of agreement obligations, and providing budgeting and projection analysis. On an as-needed basis, our S2S professionals work in conjunction with Barclay Damon property tax lawyers to handle appeals. Our goal is to give clients a seamless, cost-effective option for outsourcing some or all of their property tax functions and responsibilities so they can focus more on their core business.
The compliance team is composed of property tax specialists and accounting and administrative personnel and consults with Barclay Damon property tax attorneys if the need arises. The group has decades of experience advising and representing clients nationally on all aspects of the property tax liability integral to the taxable assets they own and manage. We use a multilayered property tax management software that accommodates all property types and provides accurate and expedited return filing, bill payment, and has a variety of tracking and reporting features.
Our property tax compliance team works closely with clients to develop a uniquely focused, efficient property tax liability management program that best suits their needs and seeks to reduce “direct to the bottom line” expenses. We are well equipped to handle property tax issues from start to finish, including any necessary legal services and litigation in conjunction with Barclay Damon attorneys, from shore to shore.
Our team routinely delivers the following property tax compliance services to clients:
Review and Compliance
- Comprehensive portfolio review and summary report on all property tax liabilities
- Preparing annual property tax returns and renditions
- Reviewing fixed asset ledger for exempt and non-taxable assets
- Managing and paying tax bills
- Assisting with and preparing budgets and projections
- Monitoring legislative changes and mandates
- Responding to jurisdictional inquiries
- Reviewing and managing any applicable property tax exemptions and incentives
- Reviewing and managing various payment-in-lieu-of-tax (PILOT) agreements
- Reviewing and managing various lease arrangements and payments on property tax and related provisions
Valuation and Assessment Appeals
- Detailed assessment analysis and recommendations
- Development and application of valuation strategies as appropriate for asset type
- Education and outreach to jurisdictions on assessment issues
- Assessment appeals
Additional Services
- Due diligence and impact analysis on the acquisition of new assets
Representative Experience
- Provided comprehensive property tax compliance services for multiple energy clients from shore to shore across the entire United States.
- Represent multiple fossil fuel, renewable energy, and asset management companies in handling all property tax issues related to their portfolio of assets.
- Recently achieved significant property tax assessment reductions and refunds for clients on numerous projects in a variety of states from Maine to California.
- Completed due diligence analysis on more than a dozen large-scale projects in just the last 12 months.