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  For Texas business owners, real and personal property taxes can be a financial burden. Texas has no income tax, so over 50 percent of all state and local tax revenue comes from property taxes. Local governments set tax rates, and business owners may find themselves taxed by several different agencies - the school district, city, county, hospital district, the junior college district, and water district, among others. This implies large tax bills for businesses that own substantial real or personal property. However, with intervention, this can be reduced.   Reasons You Should Protest Your High Property Taxes The 2020 property tax season is quickly approaching. The following are reasons why an annual property tax appeal is necessary and tips on how to get the best reduction  It is your money. You can spend your money better than the government. Property taxes are one of the most significant taxes for many Texas families. Texas has a high sales tax and no personal income...

  Appraisal software offers many opportunities to grow your efficiency and increase your productivity. Real estate appraisers know all too well that time is money. So how can you streamline your appraisal process to complete more appraisals? There are several companies out there offering innovative solutions of appraisal software. Here are several appraisal software tools worth checking out. Redstone analytics software This software package provides advanced analytics for appraisers. With this appraisal software, you can include analytical credibility to your report and complete your appraisal quickly and efficiently. Redstone helps you to quickly determine and identify the best comps, and document the selection process for comparables. And it automatically generates a 1004MC. HomePuter forms processing software HomePuter’s Forms Processing Software package brings all the latest Fannie Mae, Freddie Mac, FHA, and VA forms, as well as Lender/Client-specific forms and AMC-specific for...

  The situation of COVID-19 is on-going, and this in turn has affected commercial real estate. All geographic areas are affected by this pandemic and every country has come up with its new strategy to overcome the crisis. For the past two quarters, the economy slumped especially as the US GDP felt a major slump than other geographic markets. But slowly after the second quarter, contraction began on the commercial real estate market.   Effects of pandemic Before the pandemic began, the whole CRE market was healthy, and many surveys expected a steady increment in CRE markets. But the pandemic affected real estate, multi-family and CRE started to dip low in the economic curve. It affected many people from property owners, rentals, brokers, developers, and real estate agents.   The rates were badly affected in many CRE as many of the stores closed due to this COVID-19. The rise in delinquency boosted the CMBS at a triple rate than the 2012 recession period. Many hot...

  Today, Cost segregation is a strategy that more developers are utilizing into their construction plans. This strategy is a great way to increase cash flow.  When cost segregation is applied during the design phase of a building, many components that would normally be considered real property “become” tangible personal property. As you begin designing and developing a new commercial real estate construction project, it is vital you work with the General Contractor. This will guarantee that everything goes the way you had planned for it to and that everything is set within the cost segregation study. One of the primary reasons it is beneficial to start the cost segregation process prior to the construction phase is so that subcontractors can be used. By applying these techniques during construction, the use of subcontractors will ultimately help distribute the costs properly.  The whole reason you want to include cost segregation into the plans is to take advantage of the...

 ​​​​​​​ Here is the big question all Texans have in mind; will I get a tax break in the midst of COVID-19? With COVID 19 affecting the real estate market will there be a break in property taxes in Texas? The sad truth is a BIG NO . Yes, you heard it right, it might sound bitter, but Texas property owners are likely not to see any tax break this year. Why so? Here are two main reasons, the first reason being, your property values were set by the appraisal districts on January 1st before the deadly virus reached the pandemic stage. The second reason is the written opinion issued by the Texas Attorney General - Ken Paxton, where he stated any economic damage caused by COVID 19 does not qualify for a tax exemption . Texans, it’s time to plan! If you are a property owner who is expecting to see a hike in the appraised value of your property, then it's high time you plan. Here is a simple plan for you. First, start off with the documentation. Collect information about comparable proper...