The Hegwood Group Blog
Types of Commercial Properties and Their Tax Implications
Posted on August 31, 2023When it comes to commercial real estate tax, one size doesn’t fit all. The tax implications vary depending on the type of property you own. Understanding these nuances is crucial for anyone investing in or managing commercial properties. Let’s look at the different types of commercial properties and their tax implications so that you can […]
Read MoreDecoding Business Property Tax Tips for Business Owners
Posted on July 31, 2023As a business owner, you’ve got lots of responsibilities on your plate. From day-to-day operations to fostering growth and profitability, getting caught up in the hustle and bustle is easy. However, one crucial aspect we should never overlook is property taxes. For many owners, navigating commercial real estate taxes can be daunting — but with […]
Read MoreAvoiding Audits and Common Property Tax Mistakes
Posted on June 27, 2023Owning commercial property means shouldering a multitude of responsibilities, one of which is paying regular property taxes. While this may seem like a straightforward task, many business owners find themselves in a whirlwind of audits and penalties due to common mistakes. To help you navigate this complex landscape and avoid unnecessary headaches, our property tax […]
Read MoreSaving Your Money: The Secret to Property Tax Appeals
Posted on May 26, 2023Real property taxes are unavoidable and support essential public services. There are situations where property assessments and their subsequent tax bills can be unreasonably high. This causes financial strain on home and property owners. But recourse is possible! In Dallas County, understanding the appeal process and using the most effective strategies can help you navigate […]
Read MoreLet’s Break Down Your Commercial Property Tax Bill
Posted on April 12, 2023By Rodney Hegwood, Founding Partner A commercial property tax bill is an invoice sent from a local government to the owner of a property detailing the amount of taxes owed. In Dallas County, for example, bills are typically issued once a year, usually in October or November, and due by January 31st of the following […]
Read MoreUnderstanding Property Tax Assessments
Posted on March 15, 2023Property is a great investment and can be a powerful income stream, but it comes with its own responsibilities. The most onerous, and sometimes the biggest in impact, is property taxes. As you probably know, the Texas Tax Code (Section 23.01) requires the appraisal of taxable property at market value by each January 1st, to […]
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