Mark Simzyk is a managing director in the Chicago office and part of the Tax Services practice, specializing in Property Tax Services. He has 19 years of experience in engineering and valuation related services with more than 15 years of experience directly related to property tax and financial reporting.

Mark has extensive experience in the determination of the fair market value of machinery and equipment, industrial real property, as well as entire operating facilities. He has performed valuations for many purposes including, but not limited to: ad valorem tax, federal income tax compliance, leasing, purchase price allocation, insurance and financing. His particular area of expertise is in the valuation of oil refineries, petrochemical facilities, chemical plants, steel mills, general manufacturing, and utility and power generation facilities.

Additionally, Mark has spoken on a wide variety of property tax and valuation topics including identifying and quantifying functional and economic obsolescence and valuing oil refineries and chemical plants. He has also testified as an expert witness in litigation in Alaska, Illinois, Michigan, Texas and Utah, on behalf of the taxpayer, in ad valorem tax appeal cases for oil refineries power generation and manufacturing facilities.

Mark’s previous experience has included project engineering and project manager related positions, involving the coordination and compilation of various valuation services.

Mark received his B.S. in chemical engineering from the University of Iowa and has had graduate studies in finance and accounting. He is also an Accredited Senior Appraiser (ASA) with the American Society of Appraisers. Mark is also a member of the American Society of Appraisers and the American Institute of Chemical Engineers.

 

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