Applying Market Analytics to Reduce Your Fleet’s Property Tax Bill

As the only industrial property tax consultant specializing in the inland marine transportation industry, including boats, barges, shipyards, and marine terminals, we compile a comprehensive annual ‘State of the Industry’ report, using both public and proprietary data, to analyze multi-year trends, key drivers, and economic operating metrics across all marine transportation industry segments.

This report provides valuable insight regarding market analytics, including utilization ratios, freight rates, charter rates, product mix and volume per vessel, ton-miles per vessel, gross and operating revenue per vessel and per ton mile, new barge builds, grain and coal exports, and much more.

Our CYE 2022 report was instrumental in helping our inland marine industry clients, including ACBL, Kirby, Cargill, FMT, Campbell, SCF, Heartland, Florida Marine, MG Transport, and others secure over $17,000,000 in 2023 property tax savings.

2023 year-end data is just now starting to trickle in and, while some of our clients are reporting year over year improved results, the total long term operating benchmarks are trending well below historical “high water marks”, indicating a documented basis for negotiating lower assessed values and savings again in 2024.

The key to successfully generating significant property tax savings for boats and barges is to frame fleet specific metrics within the industry as a whole. Combined with expertise in complex / industrial property valuation, a thorough understanding of state and local property tax codes, and long-term working relationships with the assessing authorities, this approach consistently yields significant annually compounding property tax savings for our clients, often exceeding 30%.

For a detailed, no obligation, review of you 2024 property tax savings potential email john@woolard-group.com or call / text @ 210-710-9065. We’ll provide a comprehensive analysis that quantifies your projected savings. In exchange, all we ask is, if you agree with our findings, you are open minded to continuing our conversation.