
|
 |
| |
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!
2008 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.
NEWS FLASH
2008 Forecast by Harris County Appraisal District...
More...
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.
The Real Property Protest Deadline in Texas is May 31st!
Don’t lose your chance to save money, call or mail us for a free evaluation
on your property value!
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.
More...
The deadline for filing business personal property renditions
is April 15, 2008. All business owners must file
or they will face penalties.
More...
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, 2008.
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!
|
|
|
|
- Filing Assessment Appeals/ Protest Assessed Property Value – Gather
information on the subject property and file the necessary forms to correctly
file an appeal.
- Informal Property Tax Hearings – CTN meets informally with county
appraisers to discuss all the property’s issues and attempt to informally
settle values.
- Formal Hearings with the Appraisal Review Board – If an agreement is
not reached in an informal hearing, we prepare for and attend formal meetings
with District representatives and three members of the County Appraisal
Review Board. After hearing testimony from both sides, the Board, which is a
separate and neutral entity, renders a final opinion as to the valuation of
the property.
- Cost Segregation - 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. Commercial property owners are able to reallocate real property to personal property, increasing depreciation deductibles and reducing the owner’s property tax burden. Cost Segregation will be valuable to you if you plan on retaining most types of business properties (including office buildings, apartment complexes, hotels, motels, manufacturing facilities, medical facilities, auto dealerships and retail centers) for several years. By using this method, CTN’s experienced property tax specialists can provide more precisely segregated property information, enabling your accountant to achieve the maximum tax benefit allowed by law for you.
- Homestead Exemptions – For clients who qualify for this exemption we fill
out the necessary forms and paperwork and make sure the exemption is granted.
- Determining Eligibility and Filing for Exemptions – We also determine
eligibility and file exemptions for any other type of allowable exemption.
- Arbitration – Recent changes in the Property Tax Code has added a new
alternative to Litigation for properties with a value of less than
$1,000,000. If, after the Formal Hearing, the value is still too high,
this meeting can be held with one Arbitrator who is completely neutral and
separate from the County Appraisal District (CAD).
- Litigation – If, after the administrative appeal is exhausted, the value
is still excessive, a lawsuit can be filed on the property. We assist
clients in selecting an attorney and prepare a consulting report as
evidence to resolve the case.
- Filing Property Returns / Renditions – CTN analyzes your company’s
asset list to determine the proper classification and age life for each
asset. Also, we determine if all assets are taxable and currently in use
for production. Subsequently the rendition is filled out for each relevant
account.
- Commercial and Residential Appraisals – CTN’s certified appraisers
prepare appraisal reports for a variety of different purposes. We have
appraised virtually all types of properties including: commercial,
industrial, apartments, vacant land and residential properties.
- Annual Reports – We provide annual reports that include a summary
of preliminary and final values for all our client’s properties, which
can assist in planning budgets and capital requirements.
- Roll-Back Assessment – For clients that currently own agricultural
properties or are prospectively looking to purchase agricultural land, we
can provide an estimate of the financial impact of use changes and total
cost of specific roll-backs.
- Personal Property Representation – Analyzing asset lists for the status
of each asset and determining if any assets are exempt or qualify for any
special valuation. We will file rendition forms and, if necessary, file
appeals and attend hearings, both formal and informal.
- Industrial Representation – Industrial properties present special
valuation issues which are considered before a final value can be reached.
CTN will meet with county appraisers or outside contractors to achieve a
fair value that reflects all valuation issues.
- Residential Property Tax Representation – Our residential specialists
provide quality representation for all houses and take into consideration
any homestead and/or other special exemptions. We insure that the statutory
caps, if any, are accurate.
- Assistance on Tax Prorations for Commercial Properties –Upon request,
we will calculate prorations of taxes for all jurisdictions.
- Check Double Assessments – Double assessment can affect real and
business personal property. Our experts routinely check CAD records for any
irregularities.
- Tax Estimates for Budgets – Upon request, we will prepare tax estimates
for use in budgeting for property tax expenses.
- Change of Ownership with Tax Office – Our expert administrative staff
assists in filing any necessary forms to amend or update ownership names,
addresses or any incorrect information on an account.
|
|