How Property Managers Can Add New Revenue Streams With Property Tax Appeals
The most significant source of profit for most property management companies is the fixed management fees, typically 7-10% of each unit’s monthly rent. However, most property management companies have multiple revenue streams from their auxiliary services, including management applications, finding new tenants for the property after a tenant leaves, administration fees, and more. However, some […]
How to Choose a Property Tax Protest Company
Protesting property taxes is a Texan tradition—and more Texans are doing it than ever before. Not only have they been doing it from before Texas even became a state, but today’s property owners can see significant tax savings for keeping up the fight. Tracking increases in your property’s value, protesting new appraisal values every year, […]
How Property Taxes Affect Mortgage Payments
The average homeowner in Texas paid approximately $3,797 in property taxes in the past year—a major cost. Knowing how your property taxes are calculated, when they’re likely to increase, and the mechanics of how you pay property taxes can go a long way in helping you prepare for this big-ticket expense. After all, most homeowners […]
Common Myths and Misconceptions About Appraisal District Roll Values in Texas
Texas property taxes haven’t just been top of mind for homeowners statewide because of May’s protest deadline. They’ve also been featured regularly in local news stories, political analyses, and speeches throughout the House and Senate. Both Congress bodies are focused on separate plans for dividing the $12.3 billion that the state has allocated for property […]
What Taxes Do Homeowners Pay in Texas?
Every state has a different tax system. After you pay federal income taxes, there are still tax bills left to pay for state, property, sales, excise, and gift taxes. Knowing which tax types apply to you, especially once you own a home, can help you set a budget or develop the best strategy for managing […]
Texas Property Taxes: Taxable Values And Tax Rates
What Is the Difference Between Taxable Values & Tax Rates? When you open your property tax bill each year, have you ever wondered what’s behind the dollar amount you owe? There are three primary factors that influence your total tax bill: your taxable property value as appraised by your county’s appraisal district, your tax rate […]
Texas Property Taxes: Protesting
Texas-Sized Property Taxes: What’s Going On? As homeowners, plenty of things are out of our control, like storm damage or who buys the house next door. But, thankfully, we’re not powerless when it comes to the hot-button issue of property taxes. The majority of Texas counties have seen a dramatic increase in their property tax […]
What Is the Difference Between the Appraised Value and the Market Value of Homes?
Texas homeowners have seen incredible turbulence over the past few years. The median price for a Texas home was $390,600 in May 2022, compared to $240,000 three years earlier in 2019. However, that median sales price measures the median price of homes that went on the market and sold to a new buyer. But what […]
7 Key Things You Should Know About Homeowner Taxes in Texas
Handling homeowner taxes in Texas can feel overwhelming. Why does the bill change yearly, and why are taxes climbing so high? What can you do to make sure you aren’t overpaying your taxes? And what do property taxes do, anyway? Many homeowners may be unfamiliar with the process of protesting property taxes or worry that […]
Texas Property Tax Increases for 2023: What Should You Expect?
The housing market might have dramatically affected your finances even if you didn’t buy or sell a home in the past few years. Property values have been rising for most Texas homeowners, and property taxes promptly followed. See what general market and tax trends are affecting your area of the state and what individual property […]