Commercial Real Estate Tax

  One of the most thriving industries these days is real estate. For many investors, maximizing their returns or make their income flow quickly for their commercial real estate project. Projects like these often include buying a property, remodeling, expanding or constructing any kind of real estate. In order to do this, they will need a professional to assist them with cost segregation. What is Cost Segregation? Cost segregation is an IRS-approved method that allows investors to increase their cash flow or maximize their returns by accelerating the deductions or the depreciation as well as deferring the federal and state income taxes. If you, an investor, purchases a property, the value does not just come from the structure itself.  As much as 20% to 40% of both these components fall under tax categories that can be written off much quicker than the structure itself. Any type of commercial property can be a candidate for cost segregation, especially when it has been in service after D

  As you may already know, Texas does not have a state property tax, the property tax rates are locally assessed. Property taxes are the major source of revenue and bring in most of the money to provide services offered by the local government. The Texas government offers special protections for the property owners in Texas and one such protection is the over 65 exemption.  WHAT IS THE PROPERTY TAX EXEMPTION FOR OVER 65? Homeowners aged 65 years or older qualify for this exemption. All homeowners aged 65 years or older qualify for a standard $25,000 homestead exemption. Other than this, the Texas school districts offer a $10,000 exemption for qualifying homeowners aged over 65. An additional exemption of $3,000 is offered by many cities and counties as well. Get to know about the additional exemptions by contacting the  appraisal district. WHEN DO I QUALIFY? You qualify for this exemption on the day you turn 65. To claim for this exemption all you have to do is submit proof of your age

  Since Covid-19 began, real estate experts have seen major changes in business and execution of contracts. At present, some cities and states have  paused transactions for real estate . Apart from that, market prices are being monitored as there is a difference in views as to how real estate pricing will fare during the pandemic. Some are expecting a downturn, while others feel that there will be minimal effects on  how commercial real estate is priced  down the line. With that said, this is how Enriched Real Estate views the movement of real estate values in the era of the pandemic. How Real Estate Reacts to Major Financial Fallouts In the Covid-19 era, how can we understand “value” to make wise investment decisions both now and in the future? Will those decisions be based on the “old paradigm” or the new, unknown post Covid-19 paradigm? Following are material factors to consider: Real estate experts around the world are attempting to understand the impact Covid-19 will have on all a

  Buying commercial properties is riskier than buying  a residential property. It requires complete analysis and comparison about the property. Only in depth analysis of commercial property will help you to succeed in the real estate industry . Here are some points to consider before buying commercial properties. Do your analysis  Location is the key Budget Physical condition of the properties Availability of amenities Do your analysis                            Before buying a commercial property, you should have knowledge about the property value and how it is being calculated. Try to study about the current market value and keep yourself updated. Buying a commercial property isn’t like buying a home. You can make a final decision after looking at the clear records of the property. Because, it is very important factor to buy a new property. If any changes are made to the property, the value will be increasing. So, try to understand the impact of physical changes. Location is the key

  If you ask about the property taxes, most of the homeowners would likely tell that they pay too much taxes. Property taxes are real estate taxes that are paid by the homeowners, which is calculated by the local governments.  Revenue which is generated through property taxes are generally used to fund local projects and services such as local public recreation, education ect. You will never be free from the property taxes when you own a house, thus there are few simple tricks, where you can lower your property tax bills. UNDERSTANDING TAX BILLS: If you feel that you are paying too much property taxes, then it's important to know how your county assesses your tax bill on your house you own. Many homeowners just simply pay their property taxes, without understanding how they are calculated.  Mainly, property taxes are being calculated using two aspects, the current market value of your property and the tax rate. The rate at which the taxing authority sets the tax bill on your house