Here’s what you need to know about the Texas circuit breaker property tax cap: The circuit breaker cap is a program established to cap taxable value increases of non-homestead properties valued under $5 million by a maximum of 20% each year. The program is ending because the original legislation only authorized it for the [...]
Here’s what you need to know about how to challenge property tax increases due to a volatile market: The 10% homestead cap protects your primary residence from taxable value increases higher than 10% each year. Market volatility can still lead to property tax increases, whether through inflated values, appraisal errors, or even “hidden” but [...]
Here’s what you need to know about the Texas property tax arbitration process: Binding arbitration is a neutral legal process for property owners to appeal an appraisal district’s decision in their property tax protest. Arbitration is available for properties valued at $5 million or less, or homesteaded residences of any value, based on an [...]
Here’s what you need to know about your property tax protest results: Gill, Denson & Company comprises a team of industry experts who take a tailored approach to each and every case. We analyze all available data and determine the best strategy to successfully achieve a reduction in value. Sometimes the evidence is not [...]
Here’s what you need to know about how to protest property taxes in Texas: Working with a professional property tax protest company ensures you maximize your chances of a successful protest and a higher reduction. Gill, Denson & Company has a team of industry professionals and uses a comprehensive, custom approach to each and [...]
Here’s what you need to know about your property taxes increasing: County appraisal districts are not infallible; there may be errors in their appraisal methods that could cost you hundreds or even thousands of dollars. As local tax rates increase to meet larger infrastructure and community needs, that will have an impact on your [...]
Here’s what you need to know about how to successfully protest property taxes after buying a home: You can and should protest property taxes after buying a home; there’s no need to wait a year or more. There’s a short time period where your closing statement may be useful in a protest, but it [...]
Here’s what you need to know about filing a late property tax protest in Texas: The Texas property tax protest deadline is the later of May 15 or 30 days after you receive the Notice of Appraised Value. Anything after that is considered late. If you meet the strict requirements, you may file a [...]
Here’s what you need to know about winning a commercial property tax protest in Texas: The rent roll and the P&L are the two most important financials needed for a successful and significant protest. The rent roll provides an accurate, fixed picture of income on January 1st, while the P&L provides actual operating income [...]
Here’s what you need to know about new construction property taxes: New construction includes any improvement to vacant land or existing structures, not just brand-new properties. The taxable value is appraised based on the value of the land, existing structures, and the percentage of construction completed as of January 1. Keep detailed records and [...]
