Most homeowners have the question, “Do I get a tax break on the money I’ve spent?” on their minds when they are fixing up their homes. The answer differs based on the kind of improvements and how well the expenses incurred are tracked. In most cases, the money that is spent on the capital improvements … Read more
Property Taxes
Texans, did you know? Your upcoming property tax bills could be lower!
Yes, you read it right! Texans can expect to see a lower tax bill in 2022. This could be the result of the tough political climate. According to Senator Paul Bettencourt, the value of a house that is around $300,000 will be able to save around $200 in 2022, according to Bettencourt’s office, no matter … Read more
Top five mistakes property taxpayers should avoid
Companies that operate in the United States or companies that have tangible business personal property in the state must pay annual property tax returns. These returns include listing the year the BPP was acquired and the first cost of the asset. Many people are not aware of the fact that taxes on business assets are … Read more
Will the city of El Paso increase its property tax rate?
El Paso city officials are seeking ways to source revenue in the 2022 budget. The best part is, sources say this will not have an increase in the property tax rate. The Chief Financial Officer said the city will maintain the same property tax rate for the 2022 fiscal year budget. In April, the CAD … Read more
Is February nearing & have you not received your property tax statement? Here is what you can do.
The Texas county appraisal districts usually evaluate the value of the properties in their respective counties. After the protest period has expired, and after the taxing entities have agreed with the tax rates, the property tax bills are sent out to property owners either electronically or by e-mail. This begins on the first of October … Read more
Cost segregation – The Best Tax Advantage Strategy
This tax strategy can help you increase your cash flow and help reduce the current tax liability, both at the same time. If you are looking to hold your hard-earned cash, then say YES to Cost Segregation. Understanding cost segregation Cost segregation is one of the best tax-saving tools that can help a taxpayer accelerate … Read more
Here is why property taxes are high in Texas
A property tax check is one of the biggest checks you might write every year as Texas has the highest property tax rate in the US. Property owners nearly pay more than one-third when compared to the national average. But why? Here are three major reasons listed out that explain why Texas has the highest … Read more
Are you living in Cook county? Then lookout for high property taxes!
Cook county is coming up with new plans to work on their tax codes and reforms to start from scratch! The property tax bills were late because it took a long time to correct the errors in the senior citizen exemptions program. The county assessor identified the problem with the senior citizen exemption program and … Read more
Tax Deductions & Tax Credit Guide for 2021
Property tax bills are a great burden if you haven’t planned your finances well. It can sometimes completely consume your income or drain your savings. It is always important to stay up-to-date about some of the money-saving tips or legal ways to cut down taxes. Well, What are the best money savers in your tax … Read more
Will Texas See High Property Taxes in 2023?
The big question now is, are Texans likely to experience a higher property tax rate in 2023 or is going to remain the same? This question is bombarding many Texans’ minds. However, in a press release on the 30th of August, Senator Bettencourt said Texans will see a reduction of at least 6.6 pennies on … Read more