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Commercial Tax Network Welcomes Property Owners To Property Tax Relief  In 2012  #protesttaxes
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Thank you for reading our presentation!  If your property taxes are killing you… Give us a call today!
Contact Us    Terry W. English  Adam Seiders (281) 897-1119 [email_address]

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2012 Presentation

  • 1. Commercial Tax Network Welcomes Property Owners To Property Tax Relief In 2012 #protesttaxes
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13. Thank you for reading our presentation! If your property taxes are killing you… Give us a call today!
  • 14. Contact Us Terry W. English Adam Seiders (281) 897-1119 [email_address]

Notas del editor

  1. Know how many accounts belong to this property. There may be more than one account. Additional Land account that was not combined when built or purchased. You may be in more than one Appraisal District because of school district or the property is physically on the border between two Counties. If there is an office on the property, there is probably a personal property set up for Business Personal Property for F&F, Computers, Fitness Equipment, Supplies. There is a different process for Personal Property Rendition and Appeal When filling out the protest form, it is imperative to check the Market Value, Equity, and other . If it isn’t they can deny your ability to compare your property to other similar properties.
  2. By Appealing the value, you reduce the taxes that are operating expenses for your property. By Reducing the expenses, you increase the Marketable Value of your property. For instance, for every $100 you reduce the taxes; the value increases by $1,000 By Protesting your value, it sends a message to the Appraisal District that you know the process and are aggressively pursuing a lower value and Taxes. If you don’t appeal the value, they assume you are OK with the value or even you feel it is too low and maybe they should increase it next year. It establishes a basis for their opinion. Real Life example
  3. If you are a business professional or investor, you are giving up a significant amount of time gathering information, watching for Value Increases, going to the hearing, and you don’t have to hurry up and wait. For the hearing alone, you may spend a full day or two waiting for someone to meet with or go to a formal hearing. If you don’t have a database of all apartments in the County or all of the sales in the area, it will take additional time to go to the district to research this information or other places to find it. It’s not on line. Also, you will need to canvass the neighborhood for comparable rents, expenses, and occupancies . If you don’t have an appraisal background , you will not understand all the components of Valuation such as: What the Market rent and occupancies are and why its important, Cap Rates effect on the value and how to determine which rate to use. If you don’t do this for a living and understand the Property Tax Code, it can be very intimidating and frustrating. You may not understand the process, who to talk with, what to bring, and be able to interpret the District records.