Property Taxes in Practice: Frameworks, Risks, and Industry Applications for Cooperatives

Date: Thursday, July 9, 2026
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: Tess Onderick, Managing Director, Tax, KPMG US
Moderator: Wayne Sine, CPA, MBA, Education Director, National Society of Accountants for Cooperatives
Learning Objectives:
- Understand how property taxes actually work—from assessment to payment to appeal
- Gain a practical understanding of how taxable value is determined, how tax bills are calculated, and what is consistent across jurisdictions versus what varies by state and locality.
- Identify where cooperatives are exposed to property tax risk—and why it often goes unnoticed
- Recognize common risk areas, including classification issues, changing land use, valuation assumptions, and inconsistent treatment across jurisdictions that can drive unexpected tax increases.
- Evaluate how property taxes impact key business decisions and long-term financial planning
- Understand how property tax considerations influence capital investments, land use decisions, development projects, and transaction structuring across cooperative industries.
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.

Course Description

Property taxes can represent a significant and often overlooked cost for cooperatives across a wide range of industries. This session provides a practical overview of how property taxes are assessed, calculated, managed, and appealed, while highlighting common areas of risk that can affect cooperative operations and financial performance. Participants will gain insight into the impact of property taxes on capital investments, land use, infrastructure, and long-term planning, and will learn strategies for proactively managing assessments, exemptions, compliance obligations, and valuation disputes.

Presenter and Moderator Bios

Presenter: Tess Onderick, Managing Director, Tax, KPMG US

Tess Onderick is a Managing Director at KPMG LLP’s Atlanta office, leading the Complex Property Tax Consulting practice’s Power & Utilities Team. With over 15 years of expertise in property tax, Tess specializes in the Power, Utilities, Renewable Energy, and Telecommunication industries. Her role involves compliance, valuation, negotiation, and settlement of property disputes, which ensures that clients receive strategic and optimized tax solutions.

Tess is a regular speaker at industry seminars and workshops, sharing insights on property tax trends and valuation best practices, enhancing the knowledge base within the field.

Tess holds a BBA and a Masters of Accountancy from Texas State University and is a Certified Member of the Institute for Professionals in Taxation (CMI).

Moderator: Wayne Sine, CPA, MBA, Education Director, National Society of Accountants for Cooperatives

After retiring as Tax Director of a regional supply cooperative on the East Coast, Wayne Sine was asked to serve as Education Director for NSAC. As an active and long-term member of NSAC, Wayne previously served as Chair of NSAC’s Tax Committee, President of the Atlantic Chapter, and was a recipient of NSAC’s Silver Bowl Award. In addition to his work with NSAC, Wayne has also served on the Legal, Tax, and Accounting (LTA) Committee of the National Council of Farmer Cooperatives, Chaired the Tax Committees for both the Virginia Chamber of Commerce and the Virginia Manufacturers Association, served on the Tax Policy Committee of the Virginia Society of CPAs, and served as Region Vice President for Tax Executives Institute.

Cost
Free for NSAC Members / $65.00 for Non-Members

  Online Registration

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.