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Texas Assessments Might Be Low, but the Margin Tax Still Dominates

According to many economists, how a government imposes taxes is just as important as how much it collects.  This is true with the Margin Tax in place. Where Does Texas Rank? The website Tax Foundation tries to seek more attention to this fact by publishing the State Business Tax Climate Index, to compare the usefulness…

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Unequal Appraisal? You Can Use Comparable Sales to Help!

unequal property tax

While all property owners agree that property taxes are too high, owners become particularly incensed when property taxes are assessed unfairly. Owners don’t mind paying their fair share, but it is unacceptable to pay more than other owners pay for similar properties. So you may be asking, what is the potential? Example Below: Gary owns…

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Texas Needs to Reform Property Tax Laws

Rising property taxes is a hot issue in the race for Governor, yet the essential fix being offered by Gov. Greg Abbott and Lt. Gov. Dan Patrick is a decrease in the duty rollback rate. (The rollback tax rate provides the taxing unit with about the same amount of tax revenue it spent the previous…

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How these two policies contributed to the present property tax crisis in Texas

Mike Collier – democratic candidate for lieutenant governor opens up about the two policies that made the property taxes in Texas to fall into crisis. Texas is a wealthy state, and the government is not wasting any money, but still property taxes are so high. Mike Collier explains why, 1.Equal and Uniform law Legislature of…

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Real Estate Market of Houston Sets a Record Year in Home Sales

The real estate market of Houston has beaten the existing sales record, even after the devastating effects of Harvey. Damage caused by Harvey is substantially high, but the Houston housing market did not lose its steam. The housing market has recorded a significant increase of 3.5 percent compared to last year’s sales record. This is totally…

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Tax Overhaul Could Result in Unhappy Homeowners and May Build Credit Risk in High Tax Zones

Congressional tax overhaul could considerably reduce the home values in high tax states and create credit risks for local governments. According to S&P Global ratings, proposals to wipe out state and local tax deduction could directly affect the property tax payers of high tax states, as it directly disturbs the property values. Also, a credit…

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The Psychology of Real Estate: Using Psychographic Data to Find a Great Self-Storage Location

One day, while discussing the self-storage facilities they co-own, Bill and Joe wound up debating why some assets outperform others. They’re interested in developing more properties, but they begin to realize that traditional metrics don’t seem to explain what causes extraordinary performance in some properties over others. Figuring out if a plot of land will…

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Hurt by Harvey? Take a Tax Deduction!

Owners of commercial property damaged by Hurricane Harvey can reap large federal tax deductions, even if they are fully insured. How is this possible? It is simple; the law for calculating a casualty loss deduction includes deducting the value after the casualty from the value before the casualty. The value of the property after the casualty…

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Why Texans pay the highest property taxes

The Texas-German Autohaus business has experienced a downturn for the past three years along with the fall of oil prices, but their taxes are at an all time high.  It isn’t because of their income.  It is because of the Texas property tax on their location–  Edloe street –which is more valuable than ever. As…

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Preparing for Formal Property Tax Hearings

Areas of preparation There are four main types of data to be compiled for the hearing: • Pictures of the subject property • Income analysis for commercial property • Comparable sales data • Assessment comparables Pictures of the subject property should show: • The quality and condition of improvements on the property • Any lack…

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