Fight the valuation that determines your property tax bill. The season when the Texas property appraisals are out is said to be the magical season where you walk down to your mailbox with a mix of emotions, deep breathe and dare to look at your appraisal. Property taxes are calculated by multiplying an estimate of … Read more
Property Tax Reduction Blog
A complete guide on the Texas property tax process
Understanding the basics Property taxes are local taxes that are determined by the local officials. The property tax process starts off with valuing your property, setting your tax rate, and finally collecting your taxes. However, the entire process is governed by Texas law. In Texas, property taxes are a major source of revenue and play … Read more
How To Tackle Business Personal Property Taxes Effectively
When it comes to Business Personal Property, handling it for a single property can be exhausting when the due dates are near. What will be the scenario when you are supposed to manage multiple properties? It might be a big burden if you don’t have an organized plan. But here are few tips to keep … Read more
Tax errors that can increase the IRS audit to about six years
In general, the IRS has three years of time to audit after you have filed your taxes. In cases where the taxpayer has omitted more than 25 percent of his income, the three years double up to six years and this error is called the substantial understatement of income. It also gets doubled up if … Read more
Is your Texas property tax bill worrying you?
It is a must for every homeowner to make sure that you are not paying too much on property taxes than you ought to pay. But how do you check it and how can you reduce your property tax burden is the big question. Here are two ways to do it. The first way mentioned … Read more