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 Mass appraisal methods and outdated data can lead to overinflated bills, so protesting ensures you have a fair and accurate property tax [...]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 [...]
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 [...]
Here’s what you need to know about hiring a property tax consultant to protest your taxes: Protest your property taxes to ensure you're not overpaying by challenging the county’s appraisal value, which can be overinflated due to mass appraisal methods. Hire a property tax consultant to navigate the protest process smoothly and increase your [...]
