2020 Property Taxes Going Up

While many appraisal districts have extended the filing deadline beyond May 15th, the values will be based on the January 1, 2020 assessment date.

Assessed values are being set, in many counties across Texas, significantly higher than last year’s values. We have seen reports of 10% to 16% increases on average in several major markets.

Finally, early indications are that we may also see higher, not lower, property tax rates across Texas as local governments are reeling from lower sales tax collections.

This is leading to higher property taxes on your business personal property and real estate.

Protesting Property Values More Challenging

With county appraisal district offices closed to the public and most county staff working remotely due to the COVID-19 pandemic, protesting property tax appraisals will be more challenging for businesses hit hard by the recent economic downturn.

As a result, appraisal districts across Texas are scrambling to establish new procedures for handling appeals – utilizing teleconference and other remote methods for hearings.

Building a solid case on paper ahead of time will be critical, as evidence will have to be submitted in advance of a hearing. In other words, you will not be able to leverage additional documents that could benefit your case during the hearing.

Seek the Expert Help You Need

With nearly 20 years of experience and our deep understanding of the Texas Property Tax Code, with client accounts in over 240 Texas counties, we are leading Texas property tax experts. TAG has saved our clients over $525 million dollars since 2001 based on fair market value specifically as defined by the Texas tax code.

The appeals process will be different this year, and so can the outcomes of your appeals if you are prepared in advance with the right information to position your company for the most favorable outcomes. We have already handled a number of remote appeals successfully this tax season and can bring that knowledge to bear to impact your bottom line.

Contact us to learn more about our property tax savings process and how we can help your business save during these unprecedented times.

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