Here is why property taxes are high in Texas

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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

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Tax Deductions & Tax Credit Guide for 2021

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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

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A complete guide on the Texas property tax process

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

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Tax errors that can increase the IRS audit to about six years

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

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Insights on how to protest property taxes and the property tax appeal procedures

Oconnor 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

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Business personal property tax: don’t pay more than you need to

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Business owners must be quite familiar with the term business personal property tax (BPP). But did you know you can reduce your personal property taxes that you are paying now! In this article, you will get to know, in detail, what business personal property tax is, if you are responsible to pay it, and how … Read more

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3 Finest Commercial Property Valuation Methods To Follow!

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Have you received your assessment notice on your commercial property? Then you should be thinking of doing a DIY valuation to check the accuracy of the assessment that you received. To help you begin, there are 3 additional major assessment methods that you can follow, other than using the traditional one,  to know whether your … Read more

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