Commercial Real Estate Tax

  The short answer is no.  It appears the initial values and hearing results are based on business as normal. Early data from 2021 informal and commercial appraisal review board (ARB) hearings indicate there will be a record level of judicial appeals in 2021. Considering the following: We believe appraisal districts grossly over-assessed commercial property in 2021. The “canary in the coal mine” is the hotel assessments.  If appraisal districts had substantially reduced 2021 hotel property tax assessments, it would indicate they understood the market.  However, most appraisal districts either: 1) left hotel values flat or 2) increased them.  Since hotel revenue were down 48% across the county, the logic in valuing hotels seems bizarre. The bizarre hotel valuation is indicative of appraisal districts not understanding how to value commercial property in 2021, or possibly some other explanation. While it is early in the season, the initial commercial hearing resul...

  Property taxes can be a financial burden for Texas property owners. More than 50% of all state and local tax revenue come from property taxes, because Texas has no income tax. Local governments set tax rates, and business owners may find themselves taxed by several different agencies. To ensure that their taxes are equal and uniform as required by law, Texas business owners have the right to file a property tax protest every year. Reasons You Should Protest Your High Property Taxes Why is an annual property tax appeal important? The following are the reasons and tips on how to get the best reduction  It is your money. Spend your money better than the government. Property taxes are the only tax that can be claimed on an annual basis. People are the main reason to protest your property taxes every year.  Why File an Appraisal Protest in Texas? There are several reasons for Texas property owners to file an appraisal protest in Texas, some of them are: Changes in the asses...