Do you know that depreciation has a tax impact? Obviously, it has a tax impact because it is a method that is used to calculate the cost value of any property. Depreciation, in general, helps a company or property owner to reduce the amount of taxes they are paying for a year. When the company’s … Read more
Property Tax Reduction Blog
A Complete Guide on Property Tax Exemption
Texas does not have any state property tax as such but does have taxes that are all locally assessed. Property taxes are the major source of revenue that pays for the services the local government offers. Property taxes are determined based on the appraised property values and sometimes the values might seem high and that … Read more
How, when & why should you submit a property tax appeal letter?
For those living in Texas, taxes are one of the certainties in life but it doesn’t mean you will have to agree with the amount of taxes you pay. Property tax valuation amounts are not carved on stones, it can be reduced if taxpayers make use of the property tax appeals to their fullest advantage. … Read more
Insights on how to protest property taxes and the property tax appeal procedures
As a property owner, you have every right to protest with regards to your property tax appraisal. Not many are aware of the protest process or are familiar with the appeal procedure. Are you concerned about the appraised value of your property? Unequal appraisal, not happy with the actions taken by your county’s chief appraiser … Read more
5 Factors That Hike Property Taxes!
2021 is already here and property owners are thinking about how much tax they should pay this year. Every year the tax rate keeps on increasing a certain amount and that happens due to many reasons. Are you eager to find what increases property taxes? Then here is the list of 5 factors that are … Read more