Refinery Valuation & Tax Operations Process Workflow Template

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Overview: Refinery Valuation & Tax Operations Workflow Template

This workflow template illustrates the yearly valuation of refinery facilities based on property value, comparable facility values, production capacity and expected cash flow. This workflow includes initial refinery valuation, tax value negotiation and final tax payment. Purchase and download this template in PDF, PowerPoint (PPT) and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Refinery Valuation & Tax Operations processes.

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Process Details and FAQ: Refinery Valuation & Tax Operations

What is the Refinery Valuation & Tax Operations process?

The Refinery Valuation & Tax Operations process involves coordination between accountants, facility management personnel, corporate tax management staff and tax authorities to accurately value individual refineries in preparation for annual property tax payments. There are multiple methods that can be used to perform refinery valuations, including cost-based approach, income approach and sales comparison approach. The tax assessor typically dictates which method should be used. After the valuation has been completed, validated and reviewed internally, a negotiation with the tax assessor begins to determine the exact tax value of the refinery. Once that value has been determined, property tax filings are prepared by the company and submitted to the appropriate authorities.

Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Refinery Valuation & Tax Operations process:

  • 1.Cycle Time: Refinery Valuation
  • 2.Cycle Time: Valuation Negotiation
  • 3.Percent Change in Refinery Valuation (YOY)

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Refinery Valuation & Tax Operations process:

  • Accountants
  • Refinery Management Staff
  • Tax Management Staff
  • Tax Assessor

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, PowerPoint (PPT) and Visio (VSD) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.

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  • Workflow Template


    Refinery Valuation & Tax Operations

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PowerPoint, Visio versions
    - Mapped in BPMN 2.0 format


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