If you’re like many Texas real estate investors out there, you’ve been watching the sales prices of property increase month after month. While a more vibrant market means that the value of property is rising, it also means that your tax appraisals might be increasing also. If you are worried that your commercial property’s tax …
In Texas, property tax reductions can be negotiated in one of two ways: by demonstrating that the market value of a property is less than the appraisal district’s proposed value or by demonstrating that the property is overvalued when compared to “a reasonable number of comparable properties appropriately adjusted”. This latter method of appraisal, commonly …
1) Expertise A property tax consultant must be an expert in real estate valuation, property tax laws and property tax appeals. A strong knowledge of these three aspects is what makes a property tax consultant valuable. In real estate valuation the three approaches to value are the Income Approach, Cost Approach and the Sales Approach. …
Property Tax Advocates believes the right to protest your property tax is the single most important right you have as a taxpayer. If you feel you are being treated unfairly by any Appraisal District you must file a protest to have your issue heard. Although there are numerous other reasons in which to protest your …
Sitting in a large appraisal district waiting room is something property tax consultants are very familiar with. That is where I find myself today. The day began earlier than normal, catching the first flight from Dallas to Houston. I hurry to get my rental car only to sit in rush hour traffic making my way …
The most important thing to know about Property Tax Appeals is the protest deadline. The appeal process can vary from locality to locality. So does the amount of time that you will be permitted to make an appeal. In some jurisdictions, you will only have a few weeks to file your appeal. In Texas, the protest deadline …
Based on the recommendation of his regional vice president, the owner of an Atlanta real estate development company called on Property Tax Advocates to determine whether to file a lawsuit appealing the value of a newly constructed tax credit property in Texas. Another national property tax consulting firm presented the case to the board but …
Property Tax Advocates has always believed regional representation by a highly qualified firm will best serve its clients’ interests. Consequently, PTA has formed national alliances with select consulting firms with the resources and reputation in their respective markets to provide the highest quality service available and in which the owners are still directly involved in …
In Texas, the Supreme Court has ruled on three separate occasions that all leases should be valued using market rate rents in determining the value of the real estate. To do otherwise would be to value the leased-fee interest in the property rather than the fee simple interest as required by law. Even though Property …
In performing an analysis of warehouse values in a specific area in Texas, the Vice President of Property Tax Advocates discovered a property that she strongly felt was over valued. When she approached the owners of the property with her findings, she was disappointed when they declined to accept her company’s services informing her that …