Commercial Tax Network - Your Property Tax Reduction Specialists!

• CTN is the only property tax consulting firm in 18 counties and over 6,000 companies to win the Houston Better Business Bureau Award for Excellence Winner of Distinction in 2006 and 2007!

2010 PROTEST DEADLINES
For homestead properties, the early protest deadline is April 30th or 30 days after the date the appraisal district sends a notice of appraised value, whichever is later.

On March 25, 2008, during the 2008 Annual Meeting at the Harris County Appraisal District (HCAD), the county revealed that property tax values will be increased an average of 25% on approximately 68% of all commercial accounts! In light of this new information, it is essential that commercial property owners appeal their property tax valuations in 2008.

• Cost Segregation is one of the most valuable tax-deferral strategies. It allows taxpayers to write off a greater percentage of their commercial improvements over a shorter period of time.
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• The deadline for filing business personal property renditions is April 15, 2010. All business owners must file or they will face penalties.
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The Texas Property Tax Code states that there will be penalties imposed from 10 to 50% of the taxes that are owed and possible lawsuits filed for any businesses that do not file the required annual rendition by the deadline of April 15, 2009.

Have you been served a penalty tax statement from the appraisal district for not filing a Business Personal Property Rendition?

If you have received a penalty statement from the appraisal district, it is due to the new law in Texas stating that all business personal property accounts must have renditions filed annually. We may be able to get the penalty waived and file the 2007 and 2008 renditions for you, just give us a call!

• Property Value Notices will be coming out in the end of April. Your property may be over assessed, so fill out our free evaluation form and we will see what we can do for you!