Refinery Valuation & Tax Operations

Workflow Template

Refinery Valuation & Tax Operations

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.

Related KPIs : Cycle Time: Preliminary Tax Calculation, Effective Tax Rate, Tax Penalties Paid as a Percentage of Taxes Paid

What is Refinery Valuation & Tax Operations?

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.

Download a Sample Refinery Valuation & Tax Operations

Frequently Asked Questions

Q: How do you create your Workflow Templates?

A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.

Q: What can a Workflow Template do for me?

A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!

Q: What’s in the box when I buy one?

A: Three handy versions, all in one zipped file. It’s yours to download immediately upon purchase, and includes your chosen Workflow Template in PDF format, plus Microsoft PowerPoint (which you can edit), and Visio (which you can also edit).

Q: Your download-able templates look great. But I need something custom. Can you help?

A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us ( or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.

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