Property tax is something that all homeowners need to pay every year; it simply cannot be avoided. While these taxes tend to fluctuate from year-to-year, the bottom line is that property taxes can become expensive. Finding ways to save money by working with a property tax consultant has become the norm for many Dallas homeowners.
Although homeowners face looming property taxes each year, it should be noted that someone has to pay the property taxes on commercial properties as well. Imagine how expensive that gets for those managers. Luckily, if you are a manager or owner of a commercial building or group of buildings, a property tax consultant can still help you save money on your commercial properties each year.
Don’t Forget Property Tax Appeals
Property tax appeals are a commercial property owner’s best defense against overpaying on property tax. Businesses specifically have a right to appeal their property taxes because this is an area where details can be missed and mistakes can be made, causing an overpayment. The appeals process can be complex but it can help with:
- Creating a lower overall property tax
- Reduce the current tax burden while an appeal is in progress
Meeting with a commercial property tax specialist will help in the navigating of your property tax appeals and help you reap the benefits of paying on time. They will also be able to help you determine whether any initial mistakes have been made on your commercial property tax bill.
Your Local Assessor is a Friend
Like the title says, your local assessor is here to help you understand your property taxes. Local assessors can help by explaining aspects of commercial property tax that you would never even know without asking. One example of this type of information is the exact assessment of surrounding properties in your area.
By meeting with an assessor or property tax consultant, you will be able to understand where your business property tax money goes each year. They will also be able to help you out with renting out commercial property that you might own, and help you determine how much to rent it out for.
Take the Time to Figure Out Your Annual Property Tax
Being responsible for multiple businesses and commercial properties can add up. Fortunately, property taxes do not change much from year-to-year and figuring out your annual property tax isn’t hard; it just takes some time.
Each year, plan out a few months ahead of the February due-date and take the time to actually figure out what your total annual property tax is. From there, get with a Dallas property tax consultant to find out how you can save in the next tax year.
The Hegwood Group Helps Navigate Commercial Property Tax Questions
If you are a business owner that also owns the commercial building you reside in, you already know that property taxes can get complicated. The Hegwood Group is here to take the complication out of this annual burden and help you pay with ease. Our team of property tax consultants specializes in not only business and personal property tax consulting, but real estate and ad valorem as well. Get in touch with us today to find out more about our services and how we can help you make 2018’s taxes manageable.