4. Property Tax Valuation
a. Complete production forecasting (decline curve analysis) and
discounted cash flow analysis engines available with interfaces
tailored to property tax users
b. Kansas Oil & Gas Appraisal Guide method valuations
(automatic calculations using Guide parameters for the given tax year)
c. Kansas Oil & Gas Rendition form preparation
* generate Oil Assessment Rendition forms
* generate Gas Assessment Rendition forms
* ability to modify Schedule value (as permitted) through entry of
alternative parameters in "Owner" and "Appraiser"
columns
* user option to show DCF valuation as "Owner" or
"Appraiser" valuation on rendition form
* appropriate handling of Severence exemptions, Ad Valorem
exemptions and other special cases
* generate attached Division of Interest Report
d. Texas (and other DCF states) property tax valuations
* can set up taxable properties as distinct property type
(different from lease/units or wells) to define set of properties which are appraised
together
* allocate and/or aggregate production, expenses, revenues, prices
from taxable property’s member properties (wells/units)
* supervision and overhead expense allocations
* screens for negotiating and tracking property valuation process
(appraisal firm valuation, company valuation, settled value, etc.)
* full decline curve analysis and DCF computation capabilities for
taxable properties from appraisal screens
* graphical user screens and tools designed for face to face
property valuation settlement meetings between appraiser and taxpayer,
including screen graph showing production history and forecast
together with DCF assumptions and results that are dynamically updated
as user adjusts forecast with graphical tools
* display "event" markers on production rate-time graph
to show well events important in understanding the production history
or to display other remarks
* tax appraisal history for each property
e. Utah property tax valuations
* prepare Utah Oil & Gas Questionnaire form
* handles complex royalty ownership reporting (summarization of
Division of Interest data by ownership type; i.e. Federal, State,
Indian, and private)
* automatically generate DCF assumptions using historical
parameters submitted on the Utah Oil & Gas Questionnaire form
* ability to automatically use county’s proscribed price and
expense escalation scenarios as property's DCF assumptions
f. Property tax computation
* complete property tax computation engine
* tax calculation on overall property basis
* tax calculation broken down by taxing jurisdiction
* tax calculation broken down to individual owner
* tax calculation on a unit tract level
* tax rates database
* override credit calculations
