Houston Commercial Property Tax Protest Deadline Change

We have urgent news for you! For the first time in a very long time, the deadlines have changed for appealing your Texas property tax assessment. Previously May 31st, you now have to file your property tax protest by May 15th.

New Property Tax Appeal Deadline is May 15th.

 

Also, the deadline for filing your business personal property renditions was moved from April 15th to April 1st. Please view our calendar for all the important Houston property tax deadlines.

New Business Personal Property Renditions Deadline is April 1st.

 

We urge you to mark these important dates on your calendar. And if you don’t want to worry about it, feel free to contact us now, and we’ll get your case started now so you don’t have to think about it again. (281) 880-6500 We are your best choice for Houston commercial property tax protests.

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Are You Eligible to Pay Your 2017 and 2018 Houston Commercial Property Taxes in Installments?

As your trusted Houston commercial property tax consultants, we are dedicated to keeping you informed of the big news that affects your property tax appraisals and bill. In December, we were reminded that some Texans who are recovering from Hurricane Harvey will be able to pay their 2017 and 2018 property taxes in four installments without penalty or interest. This is thanks to Texas Tax Code 31.032.

Who is Eligible?

Homeowners and small businesses that were damaged in the hurricane and in a declared disaster area can pay their taxes in four installments. To qualify it must be a residential property with no more than four units, which can be a small business with gross receipts of less than $5.7 million.

Steps You Must Take To Make Installments:

By January 31st, you must pay 25% of your property tax bill and inform your local taxing unit that you intend to pay in installments. Then pay the additional three installments of 25% by the following due dates: March 31, May 31 and July 31.

If you have any questions, give us a call, we’d be happy to help. 281-880-6500

 

For more details read the KPRC news story or check out the tax code directly.

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5 Signs I Should Appeal My Houston Commercial Property Tax

Are you thinking about hiring a commercial property tax consultant to help you protest your commercial property’s valuation, but are not sure if you stand a chance of a reduction? Amongst the millions of pots a business owner has their hands in, it can be difficult to assess what is worth investing time in and what is not. After all, time is money. That’s why we at Property Consulting Group offer you a quick list of five clear reasons to take the time to appeal your Houston commercial property taxes:

1. Large increase versus last year’s assessment

If your commercial property assessment arrived at a much higher number than last year’s assessment, you may consider a Houston commercial property tax appeal. A sudden jump without good reason could mean a mistake was made and you may be able to get your commercial value lowered.

2. Property damage or loss

If you experienced damage to your property over the last year, you should consider protesting your property valuation. There is a chance the damage was not taken into consideration. Remember the value is based on the property on January 1st of the given year, so you need to keep that in mind if your damage occurred afterward.

3. Property changes such as expansions and improvements

If you made any changes to your property in the last year, you may have a reason to appeal your property taxes. Our tax experts can help you assess the precise situation to make a decision that works for you.

4. External influences affecting your commercial property

There are plenty of outside influences that can affect the value of your commercial property. If the surrounding area was hit hard by a flood or hurricane, if there is a great deal of nearby road construction inhibiting access, rerouted traffic, expanded freeways, eminent domain issues, etc. If these things affect your ability to conduct business due to foot traffic changes or property values falling, a property tax appeal would be highly recommended.

5. Changes in occupancy

Commercial properties with multiple tenants can experience a flux in occupancy for a variety of reasons. If your property has a dramatic change in occupancy, you might consider a property tax protest. The value of your property is not just about the property, but its ability to make money for the business so anything that affects that, is worth investigating a property tax appeal.

Houston Commercial Property Tax Appeal

So what does it take to appeal your Houston commercial property taxes? At Property Consulting Group, we make it very easy. As your best choice of Houston commercial property tax consultants, we simply require you provide us the basic information about your property and we’ll handle the rest. We’ll file the appeal, gather evidence of the fair property value, attend the hearing and take care of everything for you. To get started, give us a call or contact us today! 281-880-6500

Don’t wait! You must file by May 15th!

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What Does the Bexar 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 work within San Antonio. The most frequent terms you’ll hear are “Bexar Appraisal District” and “Bexar Appraisal Review Board.” To make sure you understand who is responsible for what in the San Antonio area, we have put together the most up-to-date, relevant information about these entities for you.

BEXAR APPRAISAL DISTRICT

The Bexar Appraisal District (BCAD) is responsible for appraising all real and business personal property for taxing units (cities, towns, school districts, etc.) in Bexar County. BCAD also administers and determines eligibility for various property tax exemptions authorized by state and local governments.

THE BEXAR APPRAISAL REVIEW BOARD

The Bexar Appraisal Review Board (ARB) is the judicial part of the county tax system. It is a separate body from the appraisal office. Appointed by the local administrative district judge for Bexar County, the ARB is comprised of an independent group of 50 citizen members. They are responsible for hearing and resolving property tax disputes over appraisal matters. When there is a dispute about the appraisal between 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 Bexar Appraisal Review Board is who receives your commercial 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 Bexar Appraisal District and the Bexar Appraisal Review Board.

May 15th is your deadline for filing a property tax protest, contact us today to protest your San Antonio commercial property tax appraisal. 281-880-6500

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What Does the Travis Central 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 within the Austin area. The most frequent terms you’ll hear are “Travis Central Appraisal District” and “Travis Appraisal Review Board.” To make sure you understand who is responsible for what in the Austin area, we have put together the most relevant information about these entities for you.

TRAVIS CENTRAL APPRAISAL DISTRICT

The Travis Central Appraisal District (TCAD) works to provide an accurate appraisal of all property in Travis County at one hundred percent market value. Their responsibility for appraisals applies to all taxing units in imposing ad valorem taxes on property in the district. TCAD appraises property covering all of Travis County which is almost 380,000 tax accounts.

THE TRAVIS APPRAISAL REVIEW BOARD

The Travis Appraisal Review Board (ARB) is appointed by the local administrative district judge for Travis County for two-year terms. The ARB is comprised of an independent, impartial group of citizens authorized to resolve disputes between taxpayers and the appraisal district. They are responsible for hearing and resolving property tax protests from property owners. When there is a dispute between the appraisal district and the property owner, the ARB provides an independent review and decision of the case. If you think the appraised value of your property is incorrect, the Travis 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 Travis Central Appraisal District and the Travis Appraisal Review Board. May 31st is your deadline for filing a property tax protest, contact us today to appeal your Austin commercial property tax appraisal. 281-880-6500

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What Does the Tarrant 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 within Fort Worth. The most frequent terms you’ll hear are “Tarrant Appraisal District” and “Tarrant Appraisal Review Board.” To make sure you understand who is responsible for what in the Forth Worth area, we have put together the most relevant information about these entities for you.

TARRANT APPRAISAL DISTRICT

The Tarrant Appraisal District (TAD) is responsible for appraising taxable property for the taxing units within Tarrant County. They are responsible for property tax appraisal and exemption administration for seventy-three jurisdictions or taxing units in Tarrant county, such as the county, city, school districts, etc. TAD also administers and determines eligibility for various property tax exemptions authorized by state and local governments.

TAD has three appraisal departments responsible for the valuation of all real estate and personal property: Commercial Appraisal, Business Personal Property Appraisal, and Residential Appraisal.

THE TARRANT APPRAISAL REVIEW BOARD

The Tarrant Appraisal Review Board (ARB) is appointed by the local administrative district judge for Tarrant County. The ARB is comprised of an independent group of 70 citizen members. 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 Tarrant 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 Tarrant Appraisal District and the Tarrant Appraisal Review Board.

May 31st is your deadline for filing a property tax protest, contact us today to protest your Fort Worth commercial property tax appraisal. 281-880-6500

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Hurricane Harvey & Property Tax Reappraisals: What You Need to Know

With many properties facing significant damage from Hurricane Harvey, many are wondering if they will be granted a property value reassessment for 2017. While many won’t, some will, and here is what you do need to know:

The Texas Property Tax Codes set property values to be assessed as they stood on January 1st of each year. If a disaster area is declared, local taxing entities can decide to grant a reassessment. As noted in this story about the Katy Independent School District granting a property value reassessment after Harvey, a reduction in property value means less tax revenue for the taxing entity and the taxing entity has to pay the cost of reassessing the value of storm-damaged homes and properties by the appraisal district.

What Does Reappraisal Mean for My Tax Bill?

If you own property in a district where values will be reappraised, you will get a prorated value for 2017 property taxes. Meaning that for the months leading up to Hurricane Harvey you will pay taxes on the originally assessed value as your property stood on January 1, 2017, and then for the remainder of 2017, you will pay taxes based on the newly appraised post-storm value.

The reassessment of your property value will be done as soon as practicable by the appraisal district. The information will include the date of the disaster, the newly appraised post-storm value, and the taxing entities to which the new value applies. It is possible that not all taxing authorities who receive taxes from your property will have authorized the reappraisal, meaning you’ll be partly taxed for one value and partly taxed for another based on how those taxes are allocated.

It is very possible that the reappraisal will not be complete prior to the 2017 property tax deadline of January 31, 2018. It is important to comply with property tax deadlines to avoid paying penalties and interest. Even if a taxing entity is requesting a reappraisal, it may be necessary to pay the current bill as is and collect a refund if the reappraisal results in a lower bill. Please contact our office or call the tax office with any questions regarding your bill.

What You Need to Do

All of that being said, some taxing authorities have granted reappraisals due to Hurricane Harvey while others have set up a system for reporting your storm damage so they can better assess your changed property value for next year. We urge you to submit damage information regardless of whether reappraisal was authorized for 2017. This information will be invaluable for your 2018 assessment. See below for the information you need to know if you fall under one of the appraisal districts below.

In Fort Bend, submit evidence of damage such as photos of the damage, insurance estimates, contractor estimates, receipts for repairs, FEMA documents or any related repair costs due to disaster damage. Follow the detailed instruction from Fort Bend County Appraisal District.

In Harris County, those who suffered damage from Hurricane Harvey can report damage to HCAD through its upgraded app available for Apple or Android phones.  You can also report damage at 713.812.5805 by providing your name, address, phone number, and account number, if you have it, along with the type of property damage and amount of water you received. You can also email that information to help@hcad.org. Read HCADs damage reporting instructions here.

In Galveston County property owners who have any type of property damage from Hurricane Harvey can now report that damage to the Galveston Central Appraisal District via email at harveydamage@galvestoncad.org. Follow the detailed instructions provided by the Galveston County Appraisal District.

As always, should you have any questions regarding your commercial property tax valuation, give us a call: 281-880-6500

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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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