Houston’s Real Estate Market Bounces Back

As business and property owners ride the waves of the Houston market, it is always great news to hear that a short-term struggle was just that, short-term.

Commercial Property Executive reports that Houston’s housing market proves to be resilient after natural disasters have affected portions of the greater Houston area. Construction remains active so rents are expected to rise by 2.3% in 2018! With Hurricane Harvey devastating the area just over a year ago, that is a fast bounce-back, welcome by all.

A few factors feeding the quick real estate recovery include employment growth of over 15,000 jobs, increasing growth of Houston as a distribution center placing warehouse space in high-demand, and the airport’s five-year two-billion-dollar capital improvement fund attracting more investors. With Amazon, Fed Ex, Ikea, and Best Buy adding distribution sites and re-building as well as large projects keeping the construction industry growing, Houston is expected to see rents improve.

When rents go up, property values should go up too! Remember to give us a call if your commercial property valuation is ever questionable.  (281) 880-6500

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I Filed My HCAD Property Tax Appeal Before the May 15th Deadline, Now What?

Filing your commercial property tax appeal before the May 15th deadline is the biggest hurdle you face as a property owner. Once we file this paperwork on your behalf, PCG will get to work on preparing your case for the Harris County Appraisal Review Board. Wondering what that process includes? Here is what our very important next steps look like:

Investigate the Fair Property Value

At PCG we dig in deep to find out what the value of your property appraisal should be. For most properties, we will look at property records, consider the fair market value and measure your property against comparable properties. We’ll visit the property in person if special conditions have occurred since our last visits, such as poor visibility, poor access or possible flooding so we can have first-hand knowledge of this change. When it comes to income-producing commercial properties, we also review the financials and perform an income analysis. One of the best ways to assess the value of a commercial property is to evaluate the income it generates.

Present Property Value Evidence to Appraisal Review Board

With all of our investigative work behind us, PCG is prepared to arrive at your Appraisal Review Board (ARB) hearing with evidence on hand. As the property owner, you don’t need to attend the hearing; PCG will handle everything for you. The entire hearing will last 15 minutes. We will split the time with the Harris County Appraiser as each of us to share our findings with a panel of three individuals who will hear the case. At the end of the hearing, the panel makes their determination and sets the new value for the year.

New Valuation Determined the Same Day

Since the ARB makes their determination at the end of the hearing, we will be able to input the information into our system the same day. The system refreshes each night which means you will know your new valuation the very next morning through our online client portal.

If you have any questions about your property tax protest, please call us at any time. 281-880-6500

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What Are the Commercial Property Tax Rates in Houston?

In deciding to build a business in Houston, one of the most frequently asked questions is “What are the commercial property tax rates?” It is a bit of a loaded question, but we would be happy to give you the most relevant answer we can without having a specific property address.

What is the business property tax rate in Houston?

Commercial property tax rates vary by location based on the taxing entity that applies to you. This could be a local school district, municipal utility district, or other local taxing jurisdiction. Tax rates are decided after property valuations come in and are based on revenue needs.

The average effective commercial property tax rate in Harris County (home of Houston), Texas is 2.26%. How does this compare to the rest of the state and country? Well, it is a little on the higher side. All of Texas comes in at an average property tax rate of 1.931% and the national average is 1.211%.

The average commercial property tax rates* for other Texas counties are:

  • Galveston County: 1.925%
  • Dallas County: 2.173%
  • Travis County: 1.973%
  • Tarrant County: 2.321%
  • Kendall County: 1.426%

The taxes you pay on your commercial property changes each year with the assessment of your property value. This is a large expense for many businesses which is why having a fair and accurate property valuation is important. At Property Consulting Group, our goal is to help you protest your property tax valuation if it is not accurate so that your tax costs will land where they should. If you think your property value is inaccurate, give us a call today! (281) 880-6500 The deadline for filing your property tax appeal is May 15th, don’t wait!

*Rates are as of April 2018.

 

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How to Appeal My Houston Commercial Property Taxes

Have you received your 2018 commercial property tax assessment? Did the valuation fall outside of where you expected? It could be that the value of your property faced a significant change in 2017 and your local appraisal district (Harris County Appraisal District in the Houston area) missed that change somehow. It is your right as a property owner to protest your commercial property valuation and have an appraisal review board hear your case. You can either go through the appeal process yourself or hire a Houston commercial property tax consultant. But no matter how you go about it, keep in mind, the deadline to submit your appeal for review is May 15th.

Do-It-Yourself

If you’d like to appeal your commercial property tax assessment yourself, follow these step-by-step instructions:

  1. File your protest online. Your local appraisal district should have a link on their website. For Houston, you can appeal on the HCAD website.
  2. Research the value of comparable properties and collect evidence to support the assertion your commercial property assessment was too high.
  3. Attend the appraisal review board hearing to present your case.

Commercial Property Tax Consultants

If you’d like to fill out one form and let an expert handle the rest of the process, you need a commercial property tax consultant. Our team of property tax experts has worked closely with the local appraisal district and review boards. We have over 40 years of combined experience assessing property values and providing evidence of potential conflicts between fair value and the assessed value of commercial properties. Best of all, you only have a single form to fill out, and we’ll do the rest. Research property values and attend your appraisal review for you.

We are so confident in our ability to get you results, that we don’t get paid unless we win your commercial property tax appeal. Call today to get started. 281-880-6500

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Did You Just Write a Huge Check for Your Houston Commercial Property Taxes?

It is that time of year. Spring is here and tax bills were just due a month ago. You might still be reeling over the fact that you had to painfully write that large check. Each year, Houston commercial property taxes are a heavy burden on business owners. Are you looking for a way to minimize the size of the next property tax check you have to write?

Commercial Property Tax Appeals

January 1st, 2017, the Harris County Appraisal District began assessing commercial property values for the tax year. When you receive your valuation, you may discover it seems inaccurate or unfair. You can appeal your commercial property tax valuation to receive a fairer tax bill. BUT, you have to file your protest by May 15th.

Don’t wait until you receive your tax bill. In most cases, it is too late to protest your valuation. Call or contact us today to get our experts involved. We can evaluate your property and your assessment for areas of potential contention. We’ll prepare the appeal paperwork and gather the evidence that will convince the Appraisal Review Board that the appraisal district provided an unfair or inaccurate property valuation. With over 10 years of experience, our property tax consultants are experienced and aggressive in reducing commercial property tax bills.

If you’re looking to save your business money this year, appeal your commercial property valuation with help from PCG. Enjoy the Property Consulting Group difference — if you don’t win your commercial property tax protest, you don’t pay us! We believe so strongly that we can help you, that our fee is contingent on your saving! Call today to get started. 281-880-6500 Don’t wait! May 15th is fast approaching.

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Did You Receive a Reappraisal Notification for Your Commercial Property?

As a result of Hurricane Harvey, some taxing entities have agreed to reappraise properties in their district for a portion of 2017 values. Some appraisal districts have issued reappraisal notifications informing property owners of the new appraised value and the dates for which it is applicable to their tax bill.

If you have received a letter regarding a change in your property’s value or a notice that “your property was NOT physically damaged,” you may be wondering what action, if any, needs to be taken. At Property Consulting Group, it is our job to stay on top of the latest in commercial property tax appraisals and values, so we have outlined what you need to know:

  1. If you agree with the letter’s assertion and new appraised value, there is nothing you need to do. As taxes should have already been paid, refunds will be issued.
  2. If you disagree with the new value, you can submit the relevant information to support your disagreement. If you need help doing so, please let us know.
  3. If your letter says, “your property was NOT physically damaged,” but it actually was, you need to submit that documentation to your appraisal district. The appraisal districts don’t know what they don’t know, so you will need to tell them. If you need guidance with this process, please contact us.

Call or contact our team today at (281) 880-6500 if you have any questions about Hurricane Harvey reappraisals in your district. Our experts specialize in commercial property tax protests for Houston, Galveston, Dallas, Ft. Worth, Austin, and San Antonio, Texas property owners.

 

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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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