Commercial Real Estate Tax

  Most property owners believe appraisal districts should cut taxable values in 2021. 93% of Texas property owners surveyed by O’Connor thought appraisal districts should reduce values in 2021 due to the impact of COVID. Brazoria Appraisal District raised the overall taxable value of commercial properties by 1.8%, for the 9,893 commercial properties with 2021 values available. The 2021 increase in Brazoria Appraisal District taxable values is summarized below: Office                   7.65% Retail                   2.04% Warehouse         4.24% Apartment          14.85% Taxable values were increased for 353 of 581 office buildings.  The total assessed value increased to $0.56 billion in 2021 from $0.51 billion in 2020.  The increases are surprising considering the impact of COVID on office occupancy. Increases in retail properties were the biggest surprise.  Scores of national retailers have filed for bankruptcy.  Thousands of local tenants have abandoned leases due to COVID.  Yet the

  Most property owners believe appraisal districts should cut taxable values in 2021. 93% of Texas property owners surveyed by O’Connor thought appraisal districts should reduce values in 2021 due to the impact of COVID. Harris Appraisal District raised the overall taxable value of commercial properties by 7.6%, for the 76,819 commercial properties with 2021 values available. The 2021 increase in Harris Appraisal District taxable values in summarized below: Office                    6.57% Land                      13.07% Retail                     5.4% Warehouse           11.45% Apartment            7.11% Taxable values were increased for 3,128 of 4,000 office buildings.  The total assessed value increased to $40.142 billion in 2021 from $37.448 billion in 2020.  The increases are surprising considering the impact of COVID on office occupancy. Land values soared 13.07%.  The taxable value of vacant land rose from $76.71 billion last year to $88.51 billion in 2021.  More than 30.8% of l

  Property tax assessments for homes were increased by 8.5% for tax year 2021, based on a review of 141,905 homes valued by Tarrant Appraisal District. Homes valued at $1 million or higher had the largest increases, average 11.8% higher than 2020. Review of 141,905 homes valued at $300,000 or indicates an increase in assessed value of $68.0 billion, up 8.5% from 62.7 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $143 million, based on a 2.7% tax rate before considering homestead exemptions. Tarrant has 4,032 homes valued at $1 million or higher. They are valued at $8.5 billion in 2021, up from $7.6 billion in 2020. Values were increased for 3,004 homes, reduced for 1,003 homes and remained flat for 25 homes. Homes valued at $300,000 to 500,000 increased from 35.5 billion in 2020 to 38.5 billion in 2021, an 8.4% increase.  Of the 90,924 in this price range, values were increased for 68,783, reduced for 16,778 and remained flat for 5,363. Luxur

  When people often hear that someone is a real estate agent, one thing comes to mind: they must have lots of money! It’s true that the profession can be rewarding in many ways. There are people whose lifestyle fits like a glove with the call of being a real estate agent. But it’s not all sales and profit all the time. Real estate agents can succeed and fail at their job. Before anything else, you need to look out for signs that can lead to career failure. Below we’ll give you some insights on what can affect your career as a real estate agent. Know the struggles and challenges agents face. Find out how to avoid the path to failure so you can steer yourself in the right direction. Why Do Some Real Estate Agents Fail atTheir Jobs? Like any job out there, you’ll find real estate agents that fail in the business. But don’t let this discourage you from trying it out. Being aware of the reasons why failures happen can help reduce the chance of you landing on the same fate. 1.Engaging in Bad

Most property owners believe appraisal districts should cut taxable values in 2021. 93% of Texas property owners surveyed by O’Connor thought appraisal districts should reduce values in 2021 due to the impact of COVID. Tarrant Appraisal District raised the overall taxable value of commercial properties by 6%, for the 17,104 commercial properties with 2021 values available. Values are not available for most hotels and apartments.  The 2021 increase in Tarrant Appraisal District taxable values in summarized below: Office                   3.0% Land                     14.5 Retail                    7.3 Warehouse          8.9 Taxable values were increased for 847 of 3,631 office buildings. The total assessed value increased to $6.349 billion in 2021 from $6.156 billion in 2020. The increases are surprising considering the impact of COVID on office occupancy. Land values soared 14.5%. The taxable value of vacant land rose from $1.878 billion last year to $2.152 billion in 2021. More than 2

  Wharton County Appraisal District appears to have over-taxed this property by   6%! The house at  1302 Bear Bottom Dr, Wharton, Texas, 77488  sold for  $176,000  in  July 2019 . Wharton County Appraisal District valued this property at  $186,536  for the 2020 property tax year. The owner will pay an extra  $284  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence.  It does appear the home  1302 Bear Bottom Dr, Wharton, Texas, 77488  is the primary residence.  They do have their homestead exemption. Wharton County Appraisal District reports this  2,044 square foot  house was built in  1989  and is located on an  228,690 square foot  lot. If you know the owners of  1302 Bear Bottom Dr, Wharton, Texas, 77488  encourage them to file a property tax protest.  Even if they missed the May

  Henderson County Appraisal District appears to have over-taxed this property by  10% ! The house at  Backlash Dr, Gun Barrel City, Texas, 75156  sold for  $460,000  in  February  2019.   Henderson County Appraisal District valued this property at  $506,393  for the 2020 property tax year. The owner will pay an extra  $1,253  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence.  It does not appear the home at  Backlash Dr, Gun Barrel City, Texas, 75156   is the primary residence.  They do not have their homestead exemption. Henderson County Appraisal District reports this  3,788 square foot  house was built in  2001  and is located on a  10,724 square foot  lot. If you know the owners at  Backlash Dr, Gun Barrel City, Texas, 75156   please encourage them to file a property tax prot

  Hardin County Appraisal District appears to have over-taxed this property by  5% !   The house at  202 E Pinevale, Sour Lake, Texas, 77659   sold for  $231,000  in  September 2019 .  Hardin County Appraisal District valued this property at   $243,670   for the 2020 property tax year. The owner will pay an extra   $342  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence. It  does  appear the home at  202 E Pinevale, Sour Lake, Texas, 77659   is the primary residence. They  do  have their homestead  exemption. Hardin County Appraisal District reports this   3,031 square foot  house was built in  1973   and is located on a  33,393 square foot   lot . If you know the owners of  202 E Pinevale, Sour Lake, Texas, 77659   please encourage them to file a property tax protest.  Even if th

  Hood County Appraisal District appears to have over-taxed this property by   5%! The house at  2805 Geonito Camino Ct, Granbury, Texas, 76049  sold for  $600,000  in  June  2019 .  Hood County Appraisal District valued this property at  $628,560  for the 2020 property tax year. The owner will pay an extra  $771  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence. It does appear the home at  2805 Geonito Camino Ct, Granbury, Texas, 76049  is the primary residence. They do have their homestead exemption. Hood County Appraisal District reports this  3,219   square foot  house was built in  2005  and is located on a  1   square foot  lot. If you know the owners of  2805 Geonito Camino Ct, Granbury, Texas, 76049  please encourage them to file a property tax protest. Even if they misse

  Taylor County Appraisal District appears to have over-taxed this property by   34%! The house at  2731 Clinton St, Abilene, Texas, 79603  sold for  $47,500  in  March 2020.  Taylor County Appraisal District valued this property at  $63,875  for the 2020 property tax year. The owner will pay an extra  $442  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence. It does not appear the home  2731 Clinton St, Abilene, Texas, 79603  is the primary residence. They do not have their homestead exemption. Taylor County Appraisal District reports this  1,363 square foot  house was built in 1958 and is located on a  10,999 square foot  lot. Because the property is more than 25% over-taxed, it qualifies for a substantial error protest if a routine protest was not filed. If you know the owners o

  Burnet County Appraisal District appears to have over-taxed this property by 6%! The house at  1200 Legends Pkwy, Kingsland, 78639  sold for  $530,000  in  October   2019 . Burnet County Appraisal District valued this property at  $560,604  for the 2020 property tax year. The owner will pay an extra  $826  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for home owners is to obtain a homestead for their primary residence. It does appear the house at  1200 Legends Pkwy, Kingsland, 78639  is the primary residence. The do have their homestead residence. Burnet County Appraisal District reports this  3,145 square foot  house was built in  2007    and is located on a  46,174 square foot lot . If you know the owners of the house at  1200 Legends Pkwy, Kingsland, 78639  please encourage them to file a property tax protest. Even if they missed the May

  Uvalde County Appraisal District appears to have over-taxed this property by   12%! The house at  100 N Bluebonnet Dr , Uvalde, Texas, 78801  sold for  $219,900  in  September 2019 .  Uvalde County Appraisal District valued this property at  $247,167  for the 2020 property tax year. The owner will pay an extra  $736  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence.  It does not appear the home  100 N Bluebonnet Dr , Uvalde, Texas, 78801  is the primary residence.  They do have their homestead exemption. Uvalde County Appraisal District reports this  3,463  square foot  house was built in  1999  and is located on a  16,858  square foot  lot. If you know the owners of  100 N Bluebonnet Dr , Uvalde, Texas, 78801  please encourage them to file a property tax protest.  Even if they

  The  Zapata County Appraisal District  is responsible for valuing all real estate and personal property in the county. The appraisal district alone is responsible for determining the value of all real and personal property. Property owners and  property tax consultants  then review the values and dispute excessive values. Following are graphs on the total value of property in Zapata County and the total property tax reductions achieved through the appeal process.

  Bell County Appraisal District appears to have over-taxed this property by   21%! The house at  661 Lakeview Dr, Killeen, Texas, 76542  sold for  $ 135,000  in  September 2019 .  Bell County Appraisal District valued this property at  $ 163, 750  for the 2020 property tax year. The owner will pay an extra  $ 776  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for home owners is to obtain a homestead for their primary residence.  It does appear the home at  661 Lakeview Dr, Killeen, Texas, 76542  is the primary residence.  They do have their homestead exemption. Bell County Appraisal District reports this  1,408 square   foot  house was built in  2006  and is located on a  11,905 square foot lot . If you know the owners of the house at  661 Lakeview Dr, Killeen, Texas, 76542  please encourage them to file a property tax protest.  Even if they

  Gregg County Appraisal District appears to have over-taxed this property by   8% ! The house at  1007 Eagle Hill Trl, Longview, Texas, 75605  sold for  $125,000  in  March 2020.   Gregg County Appraisal District valued this property at  $135,400  for the 2020 property tax year. The owner will pay an extra  $281  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence.  It does appear the home at  1007 Eagle Hill Trl, Longview, Texas, 75605  is the primary residence.  They do not have their homestead exemption. Gregg County Appraisal District reports this  1,708 square foot  house was built in  1965  and is located on a  1 square foot  lot. If you know the owners at  1007 Eagle Hill Trl, Longview, Texas, 75605  please encourage them to file a property tax protest.  Even if they missed

  Cameron County Appraisal District appears to have over-taxed this property by   5%! The house at  6176 Rabbit Run Dr, Brownsville, Texas, 78526  sold for  $151,000  in  September   2019 .  Cameron County Appraisal District valued this property at  $158,122  for the 2020 property tax year. The owner will pay an extra  $192  (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them. The first step for homeowners is to obtain a homestead for their primary residence. It does appear the home at  6176 Rabbit Run Dr, Brownsville, Texas, 78526  is the primary residence. They do have their homestead exemption. Cameron County Appraisal District reports this  1,594   square foot  house was built in  2013  and is located on  6,708   square foot  lot. If you know the owners of  6176 Rabbit Run Dr, Brownsville, Texas, 78526  please encourage them to file a property tax protest. Even