Commercial Real Estate Tax

  Property tax assessments for homes were increased by 6.7% for the tax year 2021, based on a review of 85,297 homes valued by the Fort Bend Appraisal District. Homes valued at $1 million or higher had the largest increases, average 8.4% higher than 2020. Review of 85,297 homes valued at $300,000 or indicates an increase in assessed value of $35.6 billion, up 6.6% from $37.9 billion in 2021.  Total property taxes for 2021 for homes valued over $300,000 would total $1036.5 million, based on a 2.7% tax rate before considering homestead exemptions. Fort Bend has 1508 homes valued at $1 million or higher. They are valued at $2.1 billion in 2021, up from $2 billion in 2020. Values were increased for 1,123 homes, reduced for 385 homes, and remained flat for 0 homes. Homes valued at $300,000 to 500,000 increased from $23.1 billion in 2020 to $24.7 billion in 2021, an 6.9% increase. Of the 65,992 in this price range, values were increased for 51,356, reduced for 14,611, and remained f...

  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 fl...

Commercial real estate finance does not require an advanced degree from an Ivy League school, but it’s a very complex process.  In any given situation, there are many opportunities and pitfalls. Owners choosing to structure a loan themselves or work with a professional involves considering trade offs of time, money and, especially, risk. To get the best result, specialized insight is ESSENTIAL. Here is a look at the seven key steps required to put together a deal. (we will go into more detail concerning each step in future blog posts) Assemble Complete Financial Data a. Organizing and preparing financial data is the first step in obtaining a commercial real estate (CRE) loan. This will require financial data both about the property (assuming it is an income property) and the sponsor. Sponsor is the term used by lenders to describe the person who is responsible for the property. Put Together a Pitch book a. A pitch book is the jargon used to describe the property package, which is n...

  W hy has real estate ownership been   SO IMPORTANT   to the human race? If you have been in real estate for some time, you probably have heard Mark Twain’s opinion, “Buy land, they’re not making it anymore.” REAL ESTATE IS A TANGIBLE ASSET . You can touch it, see it, build on it, enhance it and manage it. Renters provide a return “on” and “of” the investment. Return on investment is a profitability measure, calculated by taking the profit and dividing it by the cost or value of the asset. The return of the investment is the rate at which the cost or value of the asset is returned to the owner. The  COMBINATION  of return on and of the investment provides the basis for determining investment-real-estate-purchase decisions. So, let’s assume you have already purchased a real estate investment and you want to be the next millionaire. The local market is in a stability stage (i.e no measurable changes in values). Few listings on the market and foreclosures are non-...

  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 servic...

  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 an...