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Real Estate Investment Bulletins
  May 2008
www.poconnor.com
  

Advisory bulletins for those involved with real estate — owners, investors, REITs, CFOs, accountants,
lenders, brokers and attorneys.

Property Tax Appeal Deadline in Texas-
May 31st
May 31st is the deadline to file an appeal for the current year’s property tax in Texas.  If you or your clients have property in Texas there is still time for O’Connor to help you save on your taxes.  We filed more than 109,000 appeals in 2007, and our clients receive the maximum benefits we can negotiate.  There are no up front fees or costs. If we don’t reduce your value, you don’t pay. Click here for more information...

Bonus Depreciation
There is a silver lining to the country’s economic slowdown. Congress has approved, as part of its national stimulus package, “bonus depreciation” for 2008. The benefits include the ability to take additional depreciation on qualifying property in 2008 than the standard amounts. The caveat is the very short window of opportunity to take advantage of this package. Read more..

Green Tax Credits
The table below shows you which states have specialized tax credits for green certified buildings, and a pre-cursor to our next newsletter on green certified buildings. We thought you would find this a nice primer.

State Income Tax Corporate Tax Property Tax Sales Tax
Alabama
a
Arizona
a
a
Arkansas
a
California
a
Colorado
a
a
Connecticut
a
a
Florida
a
Hawaii
a
a
a
Idaho
a
Illinois
a
Indiana
a
Iowa
a
a
Kansas
a
a
Maryland
a
Massachusetts
a
a
a
a
Minnesota
a
a
Missouri
a
Montana
a
a
Nevada
a
New Hampshire
a
New Jersey
a
New York
a
a
North Carolina
a
a
a
North Dakota
a
a
Ohio
a
a
a
Oregon
a
a
a
Rhode Island
a
a
a
South Dakota
a
Texas
a
a
a
Utah
a
Vermont
a
a
Virginia
a
Washington
a
West Virginia
a
Wisconsin
a



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For More Information Contact:

WESTERN REGION
Don McDougall at 310.258.9667 ext. 202
or dmcdougall@poconnor.com

EASTERN REGION
King White at 877.375.4385
or kwhite@poconnor.com

CENTRAL REGION
Mike Olivares 713.375.4291
or molivares@poconnor.com

O'Connor & Associates -- Your Key to Real Estate Success
Corporate Office:
2200 North Loop W., Suite 200
Houston, TX 77018
1-800-856-7325

www.poconnor.com • www.oconnordata.com • www.oconnorcomps.com
Dallas • Houston • Los Angeles • Newport Beach • Atlanta • San Antonio

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Benefits of
Cost Segregation

  • Accelerate depreciation

  • Defer federal income taxes

  • Effective for properties with a cost basis as low as $500,000

  • "Catch-up" under-reported depreciation without filing amended income tax returns

  • Free preliminary analysis


About O'Connor & Associates

O'Connor & Associates is a real estate consulting services firm, conducting business nationwide. Our professional staff in Houston, Dallas, Los Angeles, Newport Beach, and Atlanta is available to help you with your tax, business and real estate valuation matters, including cost segregation studies, commercial real estate appraisals, commercial property tax reduction, due diligence, insurance valuation, and litigation support.