What is the assessed value? An assessed value is a particular value assigned for a property that helps in taxing purposes. It is calculated with the help of sales comparables of various neighboring properties. It is assigned by the state or local government to calculate the property taxes of that particular property. An assessor directly … Read more
Protesting Property Taxes
Should I opt for a binding arbitration?
When filing a property tax appeal, you must have come across the word binding arbitration, but what is it all about. Arbitration refers to resolving a dispute outside of the court. Parties reach out to an arbitrator; the arbitrator listens to the disputes and comes up with a decision. This blog is a primer on … Read more
Protesting Your Taxes Can Be Your New Year Resolution!
As we are stepping into 2021, it is better to have clarity on tax protesting. Most people think when they can’t pay their property taxes they may have to out of a location. But that’s not the solution we are looking at! There is a more realistic approach that can help to reduce your tax … Read more
Why protest property tax in Texas?
Many homeowners either plea for help or speak against the increasing tax rates. But, not all find a solution. A property tax bill is something that drops in your inbox every year and many pay the bill as it is without raising a question or without even understanding how the numbers arrived. Just because it … Read more
The impact of cost segregation on property tax
Every real estate investor focuses on reducing his/her tax liability and tries to take advantage of the tax strategies available. But, not all are aware of cost segregation. Cost segregation is an IRS defined approach for reducing your taxable income. It identifies and depreciates the components of a real estate property at an accelerated rate. … Read more
Pay Less Property Taxes On Your Rental Investment
People are trying to save more dollars rather than spending them. Are you looking for dollar saving ideas in rental investment? Then there are tax deductions available for rental property investors! Property taxes won’t be a burden anymore when you are completely involved with better tax strategies. You can be a passive investor or a … Read more
Business personal property tax: don’t pay more than you need to
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
Covid 19 affects on property taxes
It was in the mid of March, that we started accepting the new normal of covid-19. From the very beginning of the quarantine, the real estate market was into a storm of highs and lows. Though the work-from-home policies of various companies succeeded with their workflow, this has emptied most of the commercial properties and … Read more
Brazos County Tax Bill, Get Ready To Protest!
Brazos county property owners, here is an important update. If you live in the BCAD then you must be one among the 117,000 property owners who are about to receive your tax bill. You can most likely expect your tax bill to drop in your mailbox on October 14th. So make sure you keep an … Read more
5 tips to win a property tax protest
Are you looking at how to lower your annual tax burden? To help you win a property tax protest, here are six pro tips. You can use them to your advantage every year. Tip 1: Appeal your property taxes every single year File your property taxes every single year even if you won a protest … Read more