O’Connor Associates
Appraisal district valuation tables typically have a residual life of ten to thirty percent. Hence, a fifty-year-old drill-press would be valued at ten to thirty percent of cost. Removing any additional cost basis from the depreciation schedule is a direct and acceptable means to increase depreciation. It will also reduce personal property taxes. Visit us @ https://www.poconnor.com/eliminating-ghost-assets/
O'Connor provides property tax consulting services for both residential and commercial properties in numerous cities throughout Texas. To know property tax trends and comparison between cities
