Rewards of Merit: Property Tax

Multidisciplinary Approach to Reducing Overall Tax Liability


A large publicly traded oilfield service company engaged Merit to undertake a holistic review of state and local tax issues to identify all possible cash tax savings.

Results for client

$18 M

One-year Cash Tax Savings

Developed Strategy
for Accrual Projection


  • Client’s total taxable valuations and liabilities exceeded reasonable levels given current share price.
  • Client needed to identify ways to maintain a level of profitability amid diminishing market activity across the industry.

Merit Action Plan:

  • Negotiated directly with taxing jurisdictions on both property tax and sales and use tax.

  • Resolved existing sales tax audit issues.

  • Developed plan to maintain gains achieved.

More Rewards of Merit