Amarillo Property Tax Reduction
The jewel of the Texas panhandle, Amarillo is a historic city and a site of burgeoning commerce. Like its wild west past, Amarillo is still the center of the cattle trade, and serves as the economic center for the panhandle. This central location has led to Amarillo being an in-demand location to both work and live, and the population has grown quickly. This demand has led the Potter-Randall Appraisal District (PRAD) to increase property values by over 100% in the past decade. Home to working people, these rising values and their taxes can be a huge financial drain on the people of Amarillo and the surrounding area. This has led to more and more people exploring ways to lower these values in recent years.
1 Search for your Property
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Yes, O’Connor can help you reduce your property taxes
- Yes – there is NEVER a fee unless we reduce your property taxes
- Simple on-line enrollment in just 2 or 3 minutes
- We do all the work and you just share in the savings. We file the protest and attend the hearing. No flat fee; just pay half of first year property tax savings
- Personalized concierge service site visits
- O’Connor saved clients over $213 million in 2025!
2 Enroll for property tax savings
Potential Tax Savings For Your Property
May be over-assessed by
8.65% *
Potential Tax Savings
$764 *
Have Additional Properties?
Benefits of O’Connor :
- Simple, online enrollment in just minutes, or call us at 713.290.9700 if you prefer.
- No fees ever unless we reduce your property taxes, not even a nickel. We promise.
- Aggressive property tax consultants with hundreds of years collective experience. We understand the people and process to negotiate lower property taxes for you. Our interests are properly aligned. We never, ever get paid unless you reduce your property taxes.
Benefits of O’Connor :
- Simple, online enrollment in just minutes, or call us at 713.290.9700 if you prefer.
- No fees ever unless we reduce your property taxes, not even a nickel. We promise.
- Aggressive property tax consultants with hundreds of years collective experience. We understand the people and process to negotiate lower property taxes for you. Our interests are properly aligned. We never, ever get paid unless you reduce your property taxes.
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Ways to Reduce Property Taxes for Amarillo Homeowners
While there has been a sudden influx of new residents in the past few decades, Austin is also a historic city that has possessed a unique culture that has shaped Texas. This means there is stress for both those trying to buy homes for the first time and longtime residents who are trying to deal with rising costs to stay in the homes they have owned for decades. The stress on both ends of the spectrum has made Austin one of the primary crucibles for property tax reduction in Texas, and residents have been some of the most aggressive in the state when it comes to practicing those rights.
Exemptions:
Headlined by the homestead exemption, homeowners across Amarillo can cut their taxable value by $140,000 when it comes to school taxes. For people over 65 or those with disabilities, there are additional exemptions that can cut another $60,000. Every homeowner should have every exemption that they qualify for, as it can save thousands of dollars a year.
Property Tax Appeals:
While once a rarity, more people than ever are challenging the values assessed by PRAD. While only around 7% of real estate was appealed in 2024, this number has been climbing rapidly and has plenty of room to grow. When backed by evidence, appeals can fix errors, prevent overappraisal, and ensure that every homeowner is appraised fairly.
Property Tax Protests Help Families Stay in Their Homes
Rising property values can make it hard for working families, seniors, and other vulnerable homeowners to keep their homes. Property values are what tax rates are applied to, and are the building blocks of tax bills. Protests question the values put on homes, and a well-executed one can establish the true worth of a house for years to come. Alongside exemptions, appeals can bring taxes down to a manageable level. Protests do have an advantage over exemptions, as they can lower values for all taxes, not just school levies. Grounds for appeal include factual errors, overappraisal, and unequal appraisal.
Vital Property Tax Deadlines in AustinDeadline for filing any exemptions: April 30
Final day to submit an appeal against TCAD: May 15
Businesses can Achieve Large Tax Reductions
While homeowners have gotten some of the largest exemptions in the nation over the past few years, businesses are not without their own options. Amarillo is the beating heart of the panhandle’s economy and provides employment for countless thousands. With economic difficulties striking every industry, any break in taxes can help a struggling business keep its doors open. With the right techniques, federal income taxes can be lowered just as much as property taxes can.
Commercial Property Tax Appeals:
Like homes, these appeals can lower the value of commercial real estate when it comes to taxation. Since businesses have so much expensive property, it is common for most businesses to protest every year as a way to ensure they are only paying their fair share. Many businesses even go as far as filing a lawsuit against PRAD to settle what a fair value is.
Business Personal Property Renditions and Exemptions:
Like cost segregation, this uses tangible property to lower taxes. Instead of depreciation, this lowers the taxable property value by using the worth of BPP. Up to $125,000 in BPP can be used to lower the overall value. This is a recent increase, as it was only $2,500 before. In order to qualify, a business must file its BPP rendition by April 15.
Cost Segregation:
his technique uses accelerated depreciation to lower federal income taxes. While this was once destined for the trash bin of history, recent legislation not only restored it to its past glory but also brought back 100% bonus depreciation. Tangible property includes fixtures, furniture, computers, machinery, and other property that can be felt or touched.
O’Connor Helps Homeowners and Businesses
No matter what reduction techniques you are using for your home or business, O’Connor is here to help. Based in Texas, we have been in the business of taking on appraisal districts for over 50 years. While our home office is in Houston, we also have a branch office in Amarillo. This allows us to utilize local experts to go along with our national reach. We use data-driven evidence-gathering techniques to find the perfect sales or appraisal comparisons for cases of overappraisal or unequal appraisal, respectively. We supplement these patented databases with hearing experts who will use the evidence to its fullest in appeals to PRAD and the appraisal review board (ARB).
When you join O’Connor, you not only get access to years of experience and unmatched data, but you also get a personal touch. Every taxpayer who joins us gets a client success consultant. This agent ensures that you get every service you need, acting as your primary point of contact. This gives you a consistent advocate who will keep you updated at all times. By having one person to turn to, you can know that your best interests are always being carried out. We can also send out a concierge visit, where one of our team members will come out to your home or business. There is no cost to join, and you will only be charged a portion of your savings if we can lower your property taxes.
