Estimating Tax Future Property Tax Liabilities There are four things to consider in projecting tax liabilities for future years. 1. Estimate the timing of future revaluations and appeals. 2. Projected increases in future tax rates. 3. Legislative changes. 4. National Economy. It is very important to forecast county reappraisals due to up-ticks in sales activity,…
DetailsRecession and Texas Property Taxes I have written a lot about the economy and its effect on property taxes.  The actions today by the federal government to bail out financial institutions, I believe is a clear message both nationally and here in Texas.  For example Bloomberg reported, “Lehman Brothers Holdings Inc.’s bankruptcy filing may delay the sale…
DetailsSteps of a Property Tax Appeal
Filing a Texas Property Tax Protest First of all, a taxpayer should understand the nature of property taxes in Texas. Property taxes are the primary financial resource for the operation of governmental entities in Texas. This is largely based on the fact that Texas has no state income tax. Annual valuations are determined by local…
DetailsThe Role Of property Tax Consultants In Litigation In the event that a valuation settlement cannot be reached during the administrative remedy, the property owner and/or manager often ask for recommendations regarding possible litigation from their property tax consultant. Since litigation support is a large practice area in the property tax consultant industry, consultants play…
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Property Tax Basics for Building Owners Property Tax Basics for Building Owners – as seen in The Commerical Real Estate Network.
DetailsProperty Tax Basics Which Office Owners Should Know Office owners and managers should know that in Texas the second largest operating expense after debt service are property taxes. Additionally, since the majority of property taxes are generally passed through to the tenant it is extremely important to control them in today’s competitive market. Texas tax…
DetailsTexas Property Tax Article Plan uses sales-tax hike to pay for schools (El Paso Times © 06/30/2008) Indexed Jun 30 2008 4:17AM (Article ID 197069252) , advocating scrapping the whole thing and beginning again. “We need to go back to square one,” said state Sen. Dan Patrick, R-Houston. Patrick and other conservatives propose abolishing school…
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