For Texas business owners, real and personal property taxes can be a financial burden. Texas has no income tax, so over 50%of all state and local tax revenue comes from property taxes.
Local governments set tax rates, and business owners may find themselves taxed by several different agencies - the school district, city, county, hospital district, junior college district, and water district, among others.
This implies large tax bills for businesses that own substantial real or personal property. However, with intervention, this can be reduced.
The 2020 property tax season is quickly approaching. Know the reasons why an annual property tax appeal is necessary, and tips on how to get the best reduction...