Know the Benefits of a Cost Segregation

Cost segregation is a conservative, proven and IRS-defined approach for depreciating commercial properties.
Increase in cash flow
Reduction in current tax liability
Deferral of Federal Income Taxes
Ability to recapture past years

“What is personal property tax, and why do I have to pay it” are questions we hear frequently. Visit us @ https://www.poconnor.com/what-is-personal-property-tax/

The functions of valuing property for taxation and collecting property taxes are typically done by separate parties. Visit us @ https://www.poconnor.com/where-to-pay-property-taxes/

Property tax appeals are an effective option to reduce Texas property taxes. Many large property owners and homeowners consider an annual property tax appeal both necessary and appropriate as part of an effort to reduce property taxes. Visit us @ https://www.poconnor.com/property-tax-owner-1-111/

Texas property taxpayers have a substantial burden with annual payment of property taxes. For some Texas property owners, their property taxes are larger than their mortgage. Visit us @ https://www.poconnor.com/texas-property-taxpayers-remedies/

Texas Property Tax Code definitions provide essential information to minimize your property taxes. For example, intangible property is not taxable, but most real estate and business personal property includes an intangible property component. Visit us @ https://www.poconnor.com/texas-property-tax-definitions/

Texas central appraisal districts operate based on minimum standards for administration and operation of an appraisal district. This statute seems to guarantee these minimum standards. Visit us @ https://www.poconnor.com/tax-powers-powers-5-03

Property tax appraisers in Texas receive education and training based on standards set jointly by the Texas Comptroller and the Texas Department of Licensing and Regulation. Visit us @ https://www.poconnor.com/property-tax-appraisers-5-04/

Texas chief appraisers run appraisal districts “at the pleasure” of the appraisal district board of directors. They can be terminated at any time for any reason. Visit us @ https://www.poconnor.com/property-tax-chief-appraiser-5-042/

“Affiliated group” means a group of one or more entities in which a controlling interest is owned by a common owner or owners, either corporate or noncorporate, or by one or more of the member entities. Visit us @ https://www.poconnor.com/chapter-171-2/

These sections provide the appraisal review board and chief appraiser the option of revising the appraisal district records. Typical errors might be to add improvements not included, correct land size and correct building size. Visit us @ https://www.poconnor.com/property-tax-errors-corrections-record-41-11/