Rewards of Merit: Property Tax

Reducing Heavy Equipment Valuations During a Downturn


A heavy equipment dealer with underutilized and idle oilfield service equipment engaged Merit to reduce its valuations and property tax liability.

Results for client

$1.3 M

Cash Tax Savings


Reduction in Overall Value


  • True asset values were greatly reduced in current energy market, which was not properly reflected in standard valuation methodologies.
  • Client’s underutilized and idle oilfield service equipment represented a potential liability of $1.3 Million.

Merit Action Plan:

  • Worked with taxing jurisdictions to prove client qualified as a heavy equipment dealer, an important designation to ensure accurate valuations.

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