What Changes Can I Expect for My Commercial Property Taxes & Property Valuation after Flood Damage from Hurricane Harvey?

You might be wondering if there will be a re-appraisal of your property for tax purposes due to the damage from hurricane Harvey. Since property taxes are based on the value of your property as it stood on January 1 of each year, the hurricane damage that occurred in 2017, after the first of the year, may not affect this tax year. But, it should affect next year, and here is what you need to do to ensure a fair valuation for 2018.

  • Document the condition of your property right after the storm. Take photos, save estimates for repairs, and keep documentation of tenants having to move out or other negative effects the hurricane damage has had on your business.
  • Document how your property stands on January 1, 2018. Take photos on that day, especially if it is still damaged or not fully repaired.

Keeping good documentation will make 2018 commercial property tax appeals go more smoothly. If the Harris County Appraisal District doesn’t make the adjustments to the property value initially in next year’s appraisals, proper documentation could help save you a great deal on your 2018 tax bill.

When you receive your 2018 commercial property valuation, it is important to take note of appropriate value adjustments. If your property is still damaged or is in a flood zone that could expect to see flooding again, you should see a decrease in that valuation. If you do not, call the experts here at Property Consulting Group. 281-880-6500

Resource: Please review this memo from the Harris County Appraisal District about damaged properties. Some of the information could apply to your property.

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How to Choose a Commercial Property Tax Consultant in Houston

Choosing Houston Commercial Property Tax Consultants

Commercial property taxes are consistently one of the greatest annual expenses a real estate owner must endure. Houston’s commercial property taxes are based on the value of your property as assessed by Harris County Appraisal District as it stood on January 1st of that year. It is essential that property valuations be assessed for accuracy to ensure a fair tax bill. Choosing your commercial property tax consultant is one of the most important business decisions you could make this year. Choosing the right commercial property tax consultant can be easy if you review what their clients have said. Take a look at what our clients have said:

“Donald, that is an amazing result! I am very excited to get the news! Thank you very, very much for your work on this. Couldn’t be happier with the outcome.”

“Thank you so much for the good news. I was so afraid we would end up in court. This is the first time I can remember being happy about paying an invoice.”

“Our company has worked with Donald for over 10 years. We have always been impressed with his professionalism and his ability to work along side us to achieve a fair taxable value. Over the 10 years he has saved our corporation a significant amount of money and has always stayed on top of our filings, notifying us far in advance of anything that may be due or needs to be handled. We will continue to utilize their services in the future.”

“Property Consulting Group obtained an amazing result for my firm! The team at Property Consulting Group not only did an outstanding job, but they were very professional, thorough and met every deadline. They get my highest recommendation.”

“Property Consulting Group has monitored my property taxes for years and has performed protests for my multiple properties. They are true professionals and if I have a question, they respond in a very quick manner.”

If you have any questions about your commercial property taxes or your commercial property valuation, call or contact Property Consulting Group today (281) 880-6500. We’d be happy to answer your questions and point you in the right direction whether you require a commercial property tax appeal or not.

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$151 Million High-Rise Coming to Houston

Adjacent to Houston’s theater district will lie a new 35-story skyscraper. A mix-use space, 215,000 of its 780,000 square feet of office space will be occupied by Bank of America. With an additional 26,000 square feet of retail space and an 11-level parking garage, the new building holds a great deal of potential for businesses looking for a new location. With the light-rail only a block away, the building will be especially desirable.

Energy Efficient Commercial Real Estate in Houston

The building is being designed to be energy-efficient, so much so it has its sites set on being the first Houston commercial project to reach LEED v4 Platinum pre-certification from the U.S. Green Building Council. It will do this by using 25% less energy than typical facilities. It will feature a green roof, rain harvesting, and high-performance glass.

Skanska is developing the project which began construction in April with an estimated completion for the Q2 in 2019.

At Property Consulting Group, we are excited to see Houston’s recovery coming along and hope more projects like this continue to give Houston commercial property owners a boost.

Source: Commercial Property Executive

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May 31 is fast approaching! File your commercial property tax protest before the deadline or you could overpay.

The May 31 deadline is your most important date. You need to contact us before then, whether you are in Dallas or Houston, this deadline is statewide. Just two forms completed by you and we can get started. We’ll file the appeal right away to make sure your property tax protest is filed before the deadline. Filing for the appeal sounds daunting, but with just a few minutes of your time, we can get your case started.

A bulk of the work takes place after we file the property tax appeal paperwork, before the hearing. We’ll use our expertise to assess the property taxes and market value of similar buildings in similar areas to create the appropriate evidence for presenting to the Harris County Appraisal Review Board. The evidence gathered will be used to present your case for lowering your commercial property tax assessment to a fair value.

Throughout the process, your portfolio is accessible through our online portal. You’ll be able to log in and see all of the relevant commercial property tax information as it becomes available.

Hearing season is June – August. We’ll make sure your case is prepared and ready to present for your scheduled hearing. When the review board has made a decision we’ll update your online portfolio so you’ll know the results the very next morning.

Call today to make sure you file your property tax appeal before the May 31 deadline. (281) 880-6500

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Amazon & FedEx Lead the Way in Houston Warehousing Boom

Northwest Houston, specifically Spring and Cypress is benefiting from a large demand for warehouses amid Houston’s growing reputation as a distribution center for consumer goods. Fueled by population growth and the trending preference for online shopping has lead to 6.7 million square feet of commercial distribution space being leased in Houston over the last two years. The 60% increase from the previous two-year period is helping Houston rebound from the energy slump of recent years.

In fact, 25 out of 27 industrial facilities completed in 2016’s fourth quarter in Houston were warehouse and distribution spaces.

Amazon is set to build a new 855,000-square-foot fulfillment center in Spring, Texas, and FedEx has begun building an 800,000-square-foot distribution center in Cypress.

Convenient Location and Improved Transportation Lead the Way

Proximity to major freeways such as I-45, Beltway 8, and the Grand Parkway and the airport seem to be key drivers in the desirability of Northwest Houston. While Fed Ex said in a company statement, “The site was chosen because of its ease of access to major highways, proximity to customers’ distribution centers and a strong local community workforce for recruiting employees.” The new Cypress FedEx facility will boost package capacity and continue to improve speed and service.

Remember to keep PCG in mind for any of your commercial property tax needs: (281) 880-6500 

Source: Houston Chronicle

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Texas Commercial Property Valuations are Coming!

Contact Your County Appraisal District if You Don’t have Your Property Valuation by the End of April

Commercial property valuations are arriving in mailboxes across the state as we speak. Most counties will have valuations out by the end of April. If you find yourself without your valuation in May, call your county appraisal districts such as Harris HCAD, Dallas DCAD, or Galveston Galveston Central Appraisal District, or you can call our office. (281) 880-6500

Just because you did not receive your valuation, does not mean you shouldn’t be aware of it and assess it for accuracy. Human error and mail service could leave your commercial property valuation “out of sight, out of mind” which could cost you when it comes time to pay your tax bill. Make sure you receive your property valuation so that you can file your tax appeal before the May 31st deadline.

Call today if you have any questions: (281) 880-6500 

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How and When Will I Know if I Need a Commercial Property Tax Consulting Firm?

There are a few ways you can know you might benefit from hiring a property tax consulting firm to help you appeal your commercial property tax bill. If the items below do not apply to you, just call us. With a short phone call, we can quickly determine if our services would benefit you and your business.

A SHOCKING PROPERTY TAX BILL

Did your commercial property tax bill just arrive leaving you shocked at the amount of money you have to pay? With increases in property tax assessments being as high as 50% some years, you could be shocked when you open your new property tax bill. If you’re finding yourself in this situation, it is most likely too late this year to appeal. But don’t wait for your spring tax assessment to arrive, call us now to sign up for next year.We’ve all been there before; you receive a spring property tax assessment that seems high, and you have great intentions for filing an appeal. But then the busyness of life puts it out of your mind and you miss the May 31st deadline, or you completely forget about it until the tax bill arrives in late fall. With Property Consulting Group you don’t have to wait for your assessment to arrive in the spring, you can call us today. We’ll put you on the list for a property tax appeal for next year and take it from there. With just a few pieces of information to us now, you can forget about this year’s monstrous tax bill and look forward to a fair tax bill next year.

A CHANGE IN PROPERTY USE, FUNCTION OR CONDITION

If your commercial property experienced a significant change in the past year, your assessment could be completely inaccurate. At Property Consulting Group we assess the fair market value of your property by comparing it with similar properties. If a change has occurred with your property, we’ll be sure to find the right information to conduct an assessment that takes the changes into consideration. If you think your property value has changed in the negative and this is not reflected in your tax bill or your property tax assessment call us right away to get started.Call 281-880-6500 or fill out the contact us tab to start the commercial property tax appeal process now.

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What Does the Harris County Appraisal District Have to Do With My Commercial Property Taxes?

If you’re not in the commercial tax appraisal business, you may be confused by the variety of entities we have to work with here in Houston. The most frequent terms you’ll hear are “Harris County Appraisal District” and “Harris County Appraisal Review Board.” To make sure you understand who is responsible for what in the Houston area, we have put together the most relevant information about these entities for you.

HCAD

The Harris County Appraisal District (HCAD) is responsible for appraising taxable property for Harris County, the cities, school districts and more than 300 special districts within Harris County. Harris County Appraisal District appraises more than 1.7 million properties annually.

THE HARRIS COUNTY APPRAISAL REVIEW BOARD

The Harris County appraisal review board (ARB) is appointed by the local administrative district judge for Harris County. The ARB is comprised of an independent group of citizens. They are responsible for hearing and resolving property tax protests from property owners. When there is a dispute between the appraisal from the appraisal district and the property owner, the ARB provides an independent, impartial review and decision of the case.If you think the appraised value of your property is incorrect, the Harris County Appraisal Review Board is who receives your property value protest. They handle the scheduling of hearings and deciding each property tax protest case.At Property Consulting Group we have worked extensively with both the Harris County Appraisal District and the Harris County Appraisal Review Board. May 31st is your deadline for filing a property tax protest, contact us today to protest your Houston commercial property tax appraisal. 281-880-6500

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What does the Dallas Central Appraisal District Have to Do with My Commercial Property Taxes?

When you receive your commercial property tax appraisal, each year you might see the words DCAD or Dallas Central Appraisal District on the paperwork. While you may understand that they are accountable for appraising property in the Dallas area, you may have questions about all of DCAD’s responsibilities.

THE DALLAS CENTRAL APPRAISAL DISTRICT

The Dallas Central Appraisal District appraises property in all of Dallas County each year; covering over 900 square miles and approximately 815,000 tax accounts. Formed similarly to a corporation, the DCAD has a Board of Directors to represent the 61 governments of Dallas County. That board appoints a Chief Appraiser, who handles the daily operation of the DCAD. The chief appraiser and his/her staff are responsible for appraising properties in Dallas County. Appraisers use a great deal of information, available to them while in the field from the Mass Appraisal Record System to evaluate and appraise each property. Besides inspecting the property in detail, they review records such as geographic information, flood plains, city limits, school districts and other boundaries to make as fair an appraisal as possible.

THE DALLAS COUNTY APPRAISAL REVIEW BOARD

If you feel your Dallas property’s appraised value is not accurate, you file a property tax protest through DCAD that would be reviewed by the Dallas County Appraisal Review Board (ARB). The Dallas ARB is a group of locally appointed private citizens. It is vital that the ARB stay neutral therefore no appraisal district employees or officers’ former or current can sit on the ARB. No person whose close relatives work as professional tax agents or tax appraisers may be on the ARB, amongst other conflicts of interest laws.The Dallas County Appraisal Review Board will hear and determine property appraisal protests initiated by property owners, challenges initiated by taxing units, correct clerical errors in appraisal records, determine if exemption granting is proper and approve final appraisal records.At Property Consulting Group we have worked extensively with both the Dallas Central Appraisal District and the Dallas County Appraisal Review Board. May 31st is your deadline for filing a property tax protest, contact us today to get your appeal filed. 281-880-6500

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The Property Consulting Group Difference

When you hire Property Consulting Group (PCG) to manage your property taxes appeal you can count on getting the best service in the industry. While large firms with famous names will sufficiently appeal property tax assessments, a boutique firm like PCG is dedicated to giving you the personalized attention your individual case deserves. We offer expert property tax consultants, personal service and fast answers for all of your commercial and personal property tax appeal needs.

THE BENEFITS OF A BOUTIQUE PROPERTY TAX FIRM

With Central Appraisal Districts aggressively increasing property values in an attempt to meet financing needs for local projects, it is vital for you to have a professional property tax consultant on your side to aggressively and successfully process your property tax protest. PCG is a boutique property tax consulting firm that prides itself on big firm results with small firm service. With a combined 42 years of experience in the real estate and property tax industry, our founding partners are prepared for the varying local economic trends that can make an impact in getting your property tax assessment reduced appropriately.Our dedicated property tax consultants will be available to you throughout the process and beyond to answer any questions you may have. We pride ourselves in returning calls promptly to ensure our clients have all the answers to their toughest questions. After all, property taxes are one of the greatest annual expenses for a real estate owner to manage, a quick answer from us can ease your mind as the process unfolds.

DIRECT ACCESS TO YOUR CONSULTANT

With Property Consulting Group, your property tax protest is in the most capable hands putting you first. Every property and every client is unique, making it paramount to our firm’s mission and success that client needs be number one. You’ll never get an answering service, and you’ll always have direct access to your consultant.

SECURE DATABASE ACCESS

We also offer our clients direct secure access to their files in our database. You can log in at any time to view your tax documents. When the work is complete, and your tax appeal results are in, you’ll be able to see your new tax assessment value the very next morning. The best part? If we don’t win, you don’t pay. If you’re ready to protest your property tax assessment with the help of expert property tax consultants focused on you, call today 281-880-6500 or sign up here.

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