Property Tax is
the largest single
line-item
expense for
commercial real
estate owners.
By lowering property taxes, owners can increase their operating income and add value to their real estate. The opportunity to lower the expense occurs only once or twice a year in Texas, making it a low frequency, high impact opportunity. This is why most commercial real estate owners outsource this process to a local expert, giving the owner or asset manager time to focus on higher value opportunities.
Our Clients benefit from
60 Years of Being Texas’ Best.
When you own commercial real estate, the amount of taxes you pay is based in part on the valuation performed by your local appraisal district. It is entirely possible that your local tax district didn’t consider all the factors that affect your property, which could result in overpaying your taxes. Our team of tax consultants works with you to lowering your tax burden and save you money.
Solutions
Property Tax Appeal
Property taxes in Texas have been going up and Ranger Tax Consulting can assist you in filing a property tax appeal to minimize those increases. The process can be complex and time consuming, which is why it’s crucial to rely on the services of a local expert who has a deep understanding of the practices and deadlines. It’s advisable to have all of your assessments evaluated annually for potential over assessment which can result in higher taxes. Unlike other taxes, local property taxes are open to negotiation, and having an experienced and assertive consultant on your side can significantly impact your profitability.
Property Tax Budgeting
Budgeting for commercial property taxes is an essential aspect of financial planning for businesses that own or lease commercial properties. It enables them to accurately anticipate and allocate funds to cover the property tax expenses. Commercial property tax budgeting helps businesses to manage their cash flow effectively and avoid unexpected expenses that may affect their financial stability.
Pre-Aquisition Due Diligence
The practice of due diligence involves conducting thorough research on a potential investment to mitigate the risk of financial losses. Relative to property taxes, this consists of scrutinizing the property’s location, financials, competing assets, practice and personnel changes at the appraisal district, and much more.
Tax Bill Procurement
Procuring commercial property tax bills is important for businesses, as it helps them keep track pay of their tax liabilities and comply with deadlines.
Failure to pay tax bills in a timely manner will result in penalties and may lead to legal issues. Ranger Tax Consulting is happy to manage this part of the process as part of our comprehensive services.
