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
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
Finding it difficult to pay your property tax bill? Here is what you can do.
Property taxes cost property owners thousands of dollars or even more every year. If the property tax bill is in your hand, and you are worried you can’t pay thousands of dollars, the fear that your property can get sued can make you stressed. There are several options that can help you settle it before … Read more
Property improvements and their impact on property taxes
Property taxes are an ad valorem tax i.e. the tax that the local government calculates based on the assessed value of your property. The property tax amount keeps changing based on the changes in the property value. An extra bedroom or a property renovation could impact how much your future property taxes would be. A … Read more
DIY – Protest your property appraisal!
Fight the valuation that determines your property tax bill. The season when the Texas property appraisals are out is said to be the magical season where you walk down to your mailbox with a mix of emotions, deep breathe and dare to look at your appraisal. Property taxes are calculated by multiplying an estimate of … Read more
Is your Texas property tax bill worrying you?
It is a must for every homeowner to make sure that you are not paying too much on property taxes than you ought to pay. But how do you check it and how can you reduce your property tax burden is the big question. Here are two ways to do it. The first way mentioned … Read more
Top 3 Benefits of Property Tax Tracking
The tax season has already begun and you might be really busy filing your taxes or following up on the due dates. It’s common for your mailbox to be filled with emails of bills and appeal forms during this season. But there is an astute way to reduce your eleventh-hour rush when you start preparing … Read more
How To Get Tax Deductions For A Foreign Property
Owning foreign properties have few differences in tax benefits than owning your domestic property. Foreign property is a property that is purchased under your name on any foreign land and it can be used as your second home or vacation rental based on the owner’s convenience. The tax benefits depend on how frequently you are … Read more
Appealing your property tax bill
Homeowners, are your property tax bills going up? If the pandemic is hitting hard on you, here is some relief. No matter if you see a significant increase in your tax bill, there are always grounds for an appeal. You can cut down a certain amount from your property tax bill by opting for an … Read more
Assessed Value’s Significance On Property Tax Calculation
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