2021 home prices affect the 2022 & 2023 property tax bills.

2021 home prices affect the 2022 & 2023 property tax bills

In 2021, the most spoken topic was the increasing home prices. No matter what people decided, whether to buy, sell, or live, they were responsible for paying the increasing property taxes that came along with the increased home price. For the current year’s property taxes, the market value for residents was set on the 1st … Read more

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File a protest if your residential 2022 property taxes are high!

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It is common for Texans to be in shock when they have their residential 2022 property tax appraisal notice in hand. Texas being the seventh state paying the highest property tax in the United States, homeowners, fortunately, have a chance to fight and lower their taxes.  This can be done by filing a property tax … Read more

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Are you 65 years or older or disabled? Here is what you should know about the property tax deferral.

here-is-what-you-should-know-about-the-property-tax-deferral

Texans who are aged 65 or older or those who are disabled as per the Texas tax law can now postpone paying their current and their delinquent residential property taxes! This can be done by signing a property tax deferral affidavit at the HCAD office (Harris county appraisal district). During a news release, HCAD said … Read more

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Big change & new savings for Texans! Homestead exemptions in 2022.

Big change & new savings for Texans

Those planning to become homeowners can now save thousands of dollars on property taxes this 2022! Yes, homestead exemptions help property owners potentially reduce their property’s taxable value. The new law that came into effect this January 1, 2022, offers property tax relief to homeowners by allowing them to file for homestead exemptions in the … Read more

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Why is a cost segregation study (CSS) considered a good idea to reduce property taxes?

why cost segregation to reduce property tax

Many companies during the pandemic have not been involved in buying equipment in the past year and have stepped into conserving cash. The upside is that the chances for companies to claim the same depreciation tax deductions as they have been during the previous years are very few. However, a cost segregation study can help … Read more

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Home improvements and their effect on property taxes

Home improvements and their effect on property taxes

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

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Texans, did you know? Your upcoming property tax bills could be lower!

Texans, 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

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Top five mistakes property taxpayers should avoid

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

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Will the city of El Paso increase its property tax rate?

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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

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Is February nearing & have you not received your property tax statement? Here is what you can do.

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

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