fbpx

How Your Property Taxes Are Affected by Declining Real Estate Markets

2024-02-15T16:16:48+00:00

 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 [...]

How Your Property Taxes Are Affected by Declining Real Estate Markets2024-02-15T16:16:48+00:00

When Are Property Taxes Due in Texas?

2024-01-17T01:29:06+00:00

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 [...]

When Are Property Taxes Due in Texas?2024-01-17T01:29:06+00:00

What Percentage of Texas Property Tax Protests Are Successful?

2024-01-19T02:49:55+00:00

Here’s what you need to know about the potential success rate of a Texas property tax protest: A successful property tax protest can never be guaranteed, but you can significantly increase your chances of lowering your tax bill. Your odds of success are influenced by your location, protest strategies, strength of evidence, and whether [...]

What Percentage of Texas Property Tax Protests Are Successful?2024-01-19T02:49:55+00:00

When is the Deadline to File a Property Tax Protest?

2024-01-10T19:20:31+00:00

 Here’s what you need to know about filing a property tax protest in Texas: Counties may incorrectly value properties through mass methods, leading to higher property taxes, but homeowners have the right to protest. The deadline to file is May 15th or 30 days after receiving the Notice of Appraised Value, whichever is later. [...]

When is the Deadline to File a Property Tax Protest?2024-01-10T19:20:31+00:00

Should I Protest My Texas Property Taxes Every Year?

2023-11-22T21:22:59+00:00

 Here’s what you need to know about protesting your Texas property taxes every year: Texas property tax bills are often higher than they should be because counties use mass appraisal methods, leading to inaccurate property valuations. Consider protesting your property taxes annually since various factors can influence changes in your assessed value each year. [...]

Should I Protest My Texas Property Taxes Every Year?2023-11-22T21:22:59+00:00

How Does the 65 Plus Homestead Exemption Benefit You?

2024-02-01T18:05:37+00:00

Here’s what you need to know about homestead exemption benefits for homeowners aged 65 plus: Homestead exemptions can help Texas homeowners save thousands annually on property taxes. Homeowners aged 65 and older are eligible for more benefits, including an additional exemption and a “frozen” school tax ceiling. File your 65-plus application by April 30 [...]

How Does the 65 Plus Homestead Exemption Benefit You?2024-02-01T18:05:37+00:00

Get to Know the Details: Texas Homestead Exemptions, 2023 Updates

2023-11-01T16:56:09+00:00

 Here’s what you need to know about the 2023 updates to Texas homestead exemptions: The proposed changes will take effect if approved by voters on November 7, 2023. The homestead exemption amount will more than double from $40,000 to $100,000. Homeowners will also see hundreds in savings, on average, from school tax rate compressions. [...]

Get to Know the Details: Texas Homestead Exemptions, 2023 Updates2023-11-01T16:56:09+00:00

How Does the Appraisal District Determine Your Property Valuation?

2023-10-31T21:41:13+00:00

 Here’s what you need to know about property valuations by appraisal districts: County appraisal districts frequently value properties through mass appraisal methods, leading to significant errors in property valuations. Your property tax bill is determined by multiplying the property’s assessed value by the county tax rate. Gill, Denson, & Company had a 83% success [...]

How Does the Appraisal District Determine Your Property Valuation?2023-10-31T21:41:13+00:00

What Is Business Personal Property (BPP)?

2023-10-24T00:12:13+00:00

Here’s what you need to know about business personal property (BPP): BPP is tangible, non-real property used for business purposes. BPP valuations are determined annually by the county appraisal district. A BPP rendition form must be completed every year by April 15. Gill, Denson, & Company can assist with rendition filings and potentially reduce [...]

What Is Business Personal Property (BPP)?2023-10-24T00:12:13+00:00

12 Significant Updates to Texas Property Tax Law in 2023 You Need to Know

2024-02-01T17:49:16+00:00

What you need to know about the most significant updates to Texas property tax law: The school district homestead exemption will be increased from $40,000 to $100,000. School property tax will be reduced by 10.7 cents through maintenance and operation (M&O) rate compression. A 20% appraisal cap pilot program will apply for [...]

12 Significant Updates to Texas Property Tax Law in 2023 You Need to Know2024-02-01T17:49:16+00:00
Go to Top