Here’s what you need to know about the potential reasons to protest property taxes in Texas: There are many reasons to protest property taxes, from overvaluations and unequal appraisals to data errors, market changes, and more. Your reason for protesting will depend on various factors, and knowing the optimal strategy for a successful reduction [...]
Here’s what you need to know about how an unequal appraisal affects your property taxes: An unequal appraisal occurs when your property is unfairly valued higher than similar properties in the area. Data errors, outdated information, and incorrectly chosen comparable properties are all factors that can contribute to an unequal appraisal. Look for common [...]
Here’s what you need to know about Texas property tax rates and how they’re determined: Local jurisdictions like cities, counties, and schools set tax rates (sometimes referred to as mill rates) to determine your property tax bill based on your property's appraised value. They use the estimated taxable value of all properties to set [...]
Here’s what you need to know about the condo property tax responsibility for common areas: The property taxes for condo owners and HOAs can be complex given the unique shared ownership structure of common areas. Condo owners might be paying for common area property taxes twice through HOA fees and their unit's property tax [...]
Here’s what you need to know about why Texas property taxes are often so high: Texas' growing population and lack of income tax drive up property taxes as the need for more infrastructure grows. Property taxes fund local services such as public schools, infrastructure maintenance, and public safety initiatives. The budgets of these entities [...]
At Gill, Denson & Company, we're dedicated to helping homeowners and businesses in Houston and across Texas achieve fair property tax appraisals. We're thrilled that one of our partners, Richie Gill, was recently featured in a Houston Chronicle article highlighting our expertise. The article delves into your right as a property owner to protest [...]
Here’s what you need to know about filing a Texas business personal property rendition: In Texas, businesses must file a BPP rendition by April 15 each year that reports the value of tangible personal property used to generate income. Failing to file a rendition could incur a 10% tax fine and leave your BPP [...]
Here’s what you need to know about protesting your property taxes in Texas: Texas homeowners have the right to protest their property taxes when they disagree with the county’s taxable value assessment. Mass appraisal methods and outdated data can lead to overinflated bills, so protesting ensures you have a fair and accurate property tax [...]
Here’s what you need to know about the relationship between property taxes and declining markets: Open market value reflects what a property could currently sell for, while assessed value, which determines your property taxes, tends to lag far behind. When the market declines, lagging assessed values can mean homeowners now have higher property taxes [...]
Here’s what you need to know about when property taxes are due in Texas: Texas property taxes are due by January 31st, unless notified otherwise, to avoid penalty and interest charges. Payment plans may be available but typically come with additional interest, increasing the overall tax bill. Payment deferral options are available to eligible [...]
