Author RSSAbandonment Study Yields Tax Reduction
An abandonment study can legitimately generate a windfall of depreciation for the owner of investment or owner-occupied real estate. By increasing depreciation, substantial tax reduction can be effected. An abandonment study is appropriate when it is nece...
Harris County Appraisal District's i-Settle Program
Overview
Harris County Appraisal District's i-Settle program is worth considering. However, for most property owners it is a poor choice.
O'Connor & Associates' experience with i-Settle yielded three conclusions:
The settlement rate was very low ...
Appealing Your Property Taxes
How To Request Binding Arbitration
Thousands of Texas homeowners will go through the property tax appeal process this year because the appraisal district incorrectly assessed their home's value. Sometimes getting a satisfactory reduction takes some tim...
Use the Appraisal District's Information to Reduce Your Property Taxes
Homeowners are amazed to learn they can obtain a copy of the appraisal district's evidence at a nominal cost. This is referred to as a House Bill 201 package, and is the only information many homeowners use to successfully reduce their property taxes.
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Cost Segregation - Tax Deductions (Tax Rule No.1: Don’t cheat the IRS)
Tax Rule No.1: Don't cheat the IRS. But that doesn't mean you should cheat yourself. Take every legal tax deduction you can.
In addition to the numerous tax deductions the Internal Revenue Service allows, research indicates that most U.S. taxpayers do ...
Appealing Your Property Taxes in District Court
If you disagree with the appraisal district's value or any action of the appraisal district about your property, the Texas Property Tax Code (TPTC) provides several options to appeal your property taxes. Most appraisal district offices will meet with you ...
New Home Construction Affects Home Tax Values
Most people see new home construction in their neighborhood as a good thing. New homes typically help increase the market value of properties, so when someone in an older home goes to sell, they often can ask a higher price than areas without new construc...
Texas Business Personal Property Rendition and Taxation
The Texas Property Tax Code for many years had required owners of business personal property (BPP) to annually render those assets used in a business. Rendering is summarizing to the central appraisal district the ownership and value of the assets. Histor...