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 [...]
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. [...]
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. [...]
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 [...]
Here’s what you need to know about the recent 2023 updates to the Texas homestead exemption: 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. Those aged 65 and older or disabled will receive their extra $10,000 [...]
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 [...]
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 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 [...]
