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 [...]
Here’s what you need to know about your homestead exemption status: If your homestead exemption is inactive, your property tax bill could increase by hundreds or even thousands each year. Your status could be inactive due to paperwork issues, purchase of a new property, deed or title changes, or a loss of eligibility. We [...]
Here’s what you need to know about the Texas homestead cap: The 10% Texas homestead cap limits annual increases in the taxable value of a primary residence, protecting homeowners from sharp property tax hikes. While you may apply for homestead exemptions soon after purchasing a home, the 10% cap only starts 365 days after [...]
