Why O’Connor for property tax reduction? - PowerPoint PPT Presentation

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Why O’Connor for property tax reduction?

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O’Connor & Associates is the largest property tax consulting firm in the U.S. You need not pay unless we save you money. Know more www.poconnor.com – PowerPoint PPT presentation

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Title: Why O’Connor for property tax reduction?


1
Property Tax Reduction
www.poconnor.com
2
What Are Property Taxes?
Property taxes are a fee the local government
charges owners of real estate. Unlike a
mortgage, property taxes are never paid fully.
The government wants more of your money every
year, year after year. The more real estate you
own, the more property taxes you pay. The higher
the value of your home, the more property taxes
you pay.
3
Calculating Property Taxes
Property taxes Market Value of real estate x
Assessment ratio x Tax rate. The above simplifies
the tax rate calculation by not including
exemptions. Many states have an exemption for
homesteads ( primary residence owned and
occupied).
A more precise summary of property tax
calculations is Property taxes ((Market value
of real estate x Assessment rate) Exemption) x
Tax rate
4
How Much Is Too Much?
Paying property taxes above the minimum required
by law is too much. You can spend your money
better than the government, right. You have two
primary tools to reduce property taxes Homestead
exemptions for your house, and Property tax
appeals.
5
Homestead exemptions
Property tax exemptions are one of the most
meaningful and simple ways to reduce property
taxes. The Texas legislature has provided
numerous property tax exemptions for Texas
taxpayers. Texas property taxes can be reduced
by legitimate use of exemptions.
How to Appeal Your Property Taxes? Texas property
tax appeals can be filed using the form
provided by the appraisal district, click here to
download the form.
www.poconnor.com/universal-form-?le-tax-protest
6
Why OConnor for Property Tax Reduction?
Contingent Fee - You dont pay unless we save you
money Automatic - We protest your taxes year
after year. Greater Protection - 3 phases of the
appeals process Informal hearing, Formal hearing
before the Appraisal Review Board Litigation
and Binding Arbitration. Binding Arbitration
- To achieve equitable results for owners
of homes and small commercial properties More
Effective - To achieve reductions beyond
the appraisal review board hearing. More
Successes - OConnor Associates is the
largest property tax consulting firm in the U.S.
7
Reach us for more information www.poconnor.com
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