Property Tax Reduction Blog

Appealing your property tax bill

oconnor-appealing-property-tax-bill

Homeowners, are your property tax bills going up? If the pandemic is hitting hard on you, here is some relief. No matter if you see a significant increase in your tax bill, there are always grounds for an appeal.  You can cut down a certain amount from your property tax bill by opting for an … Read more

Property appraisal, the purpose, and its process

oconnor property appraisal the purpose and its process

It is important for property owners to understand how the value of the property is assessed as the assessed values are used by the property tax authorities to determine the tax bill. This article will brief you on what property appraisal is all about and the different property appraisal approaches. Let’s also understand the difference … Read more

Getting to know the tax benefits in real estate

cut-my-taxes-getting to know the tax benefits in real estate

Getting to know the tax benefits is really important if you own real estate. You can eliminate or reduce your federal and state income taxes. Depreciation is something that underpins most of the advantages. In this article let’s understand what depreciation, accelerated depreciation, and bonus depreciation is. What is depreciation? Depreciation is the decrease in … Read more

What Is the IRS Form 1040 & How To Prepare For 2021 Filing?

What Is Form 1040 & How To Prepare For 2021 Filing

The year 2020 has brought lots of changes in the economy. Are you worried about paying the 2021 property taxes? Then you must plan on this Q4 for your tax appeal. The IRS form 1040 has made a few changes this year. Every year the tax codes may be changed so that line numbers can … Read more

Important Tax Deadlines and Dates of 2021

texas property tax deadlines

Looking for fresh new updates of 2021 tax deadlines? Then here is the exact one you have been looking for. Keep an eye on the deadlines so that you don’t miss anything! Jan 15, 2021 4th quarter estimated tax payments are due  Entrepreneurs and self-employed people who need to pay back their tax payments for … Read more