2024 is the presidential election year and O’Connor has put together a series of blog posts leading up to the election to celebrate U.S. presidents from the past who were in favor of lowering property taxes because this reflects our perspective and business goals. With the help of O’Connor’s top property tax consultants, property owners can effortlessly appeal annually to save money on their property taxes.
Ronald Reagan (1981–1989): Property Tax Advocate
Reagan was renowned for his tax cuts, particularly the Economic Recovery Tax Act of 1981. This tax act was a part of Reagan’s supply-side economic policies, which greatly decreased income taxes. Reagan perceived tax reductions as a method of promoting economic expansion and enhancing the overall economy. His Economic Recovery Tax Act of 1981 was designed to encourage investment and job creation by reducing individual income tax rates.
Reagan once stated, “The most effective method of increasing revenues in the long term is to reduce taxes.” His policies and rhetoric regarding tax reductions have had an enduring influence on American economic policy. His views on taxes are still the subject of discussion today regarding government expenditure and taxation. His position on property taxes and economic growth was indicative of his overarching philosophy of advocating for personal property rights and alleviating the tax burden on individuals.
Reagan was of the opinion that reducing taxes would result in growth of disposable income for both individuals and businesses, thereby incentivizing expenditure. He frequently underscored the notion that a reduced government’s involvement in the economy could result in increased prosperity. Supply-side economics was the foundation of his approach. This approach proposes that reducing taxes can result in increased production that would lead to higher tax revenues due to a more active economy.
Reagan’s perspective on property taxes was particularly critical during his tenure as Governor of California prior to becoming president in 1981. He supported measures to limit property tax increases and advocated for property tax reform, particularly endorsing Proposition 13 in 1978. This groundbreaking legislation substantially altered the manner in which property taxes were assessed in California by capping property tax rates and limiting annual increases.
Fun Facts about Reagan’s Presidency and Personal Life
- Reagan was a successful actor in Hollywood before he entered politics, appearing in more than 50 films. Some classics include ”Knute Rockne, All American” and “Kings Row”.
- Reagan was a passionate sports fan, with a particular fondness for football, which he participated in during his undergraduate years.
- Reagan’s proficiency of the English language earned him the nickname “The Great Communicator” because of his magnetic stage presence. Reagan had a great capacity to establish a connection with Americans in both speeches and television appearances.
- Reagan’s announcement in 1994 that he had been diagnosed with Alzheimer’s disease, following his departure from office, served to increase awareness of the condition and its consequences. Reagan continued to be involved in public life by authoring books and participating in a variety of charitable endeavors, such as the establishment of the Ronald Reagan Presidential Foundation.
O’Connor Fights for Reduced Property Taxes
Reagan advocated for lower property taxes to benefit US residents and the economy. Reagan advocated for minimizing property tax increases and supported property tax reform. Similarly, O’Connor is passionately committed to lowering property taxes and better educating individuals in Texas how to protest their taxes effectively. The greatest approach to cut property taxes is to protest.
O’Connor makes it simple and risk-free to contest your residential property taxes. Our strategy for tax reduction involves ARB hearings as well as binding arbitration or court appeals. With O’Connor, property owners will never be charged a fee until they obtain a reduction. When we accomplish a property tax drop, we charge property owners a percentage based on the reduction. We provide a quick online enrolling procedure that takes no more than three minutes.
O’Connor’s clients saved more than $215 million in property taxes in 2023, and that amount has already surpassed $235 million in 2024. Each year, our property tax professionals submit a protest against your taxes. After enrolling with us, we continue to work hard to get tax savings for you year after year. O’Connor is proactive and effective in arranging court appeals and binding arbitration for Texas property owners, resulting in reductions that exceed the ARB hearing.
How Can O’Connor Help You
Our fundamental value is to provide property owners with cost-effective tax reductions. This blog series will present you with some fascinating facts about presidents who share the same viewpoint on tax reduction as O’Connor does. O’Connor offers services for residential and commercial properties, including business personal property. Our expert staff is made up of experienced, dependable professionals that deliver excellent customer service, high-quality work, and commitment to our customers. You only pay us if we cut your taxes. You won’t pay legal, appraisal, expert witness, or court fees.