Texans, fight property tax increase amidst COVID 19!

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www.cutmytaxes.com
Texans, fight property
tax increase amidst COVID 19!
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Are you a commercial real estate owner in Texas
experiencing an increase in property taxes?
Are you one among those looking for a property
tax relief?
Are the stay at home orders a big cause for your
financial burden?
www.cutmytaxes.com
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3 key strategies to implement this 2020
If you are a commercial property owner looking
for ways to reduce your property taxes here are
3 strategies you need to follow to reduce your
taxable values, not just this year but in the
years to follow.
www.cutmytaxes.com
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File an appeal even if the taxable value did not
increase
Filing a property tax appeal is always considered
a sound decision and doing it right now could
benefit. The value in 2020 can be considered a
benchmark in the future for a tax relief. No
matter taxes are valued independently every year,
the effects of COVID 19 is something we have
never seen before It is predicted that to track
the deadline in value, CAD's may consider the
2020 appraisal roll as the start point
www.cutmytaxes.com
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The tax rate and taxable value
The tax appeal process can help in first hand to
provide a tax relief
However, campaigning the local taxing units not
to increase the tax rates or to even lower the
tax rates could be a second option
There are chances for a tax increase if there is
a freeze in the value seen without a freeze in
the tax rate www.cutmytaxes.com
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Documenting the COVID 19 losses

• Initiating conversations regarding the impact of
  the pandemic to the county appraisal district's
  can help in building valuations for the next
  year
• It is better if property owners could present
  documents on bankruptcies affecting the real
  estate, changes in the business model that affect
  the business value for 2021

The more commercial property owners gather
information and calculate the impact of the
pandemic, the more are the chances to obtain a
fair 2020 value
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Thank You
www.cutmytaxes.com