It’s that time of year again. Yes, tax time. If you’re like me, you received a notice from your appraisal district notifying you of the proposed value of your property for the current tax year. However, what many of you do not know is what to do if you are dissatisfied with the appraised value of your home, or if errors exist in the appraisal records regarding your property. In this post, I’ll quickly guide you through the processes of how appraisal districts value your property and how to go about protesting your property’s appraised value should you need to. (more…)
They say that the only two things that are certain in life are death and taxes…
…but thanks to homestead exemptions, that isn’t necessarily true.
In Texas, homestead exemptions help homeowners protect the value of their homes from exorbitant property taxes, aggressive creditors, and issues related to the death of the homeowner’s spouse. Applying for a homestead exemption can lower the taxable value of your house (thereby reducing your tax liability) and provide a firmer basis for homestead protection.
In order to claim your residence homestead exemption for 2013, you must submit your application between January 1 and April 30, 2014. (more…)
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Texas real estate investors who have formed a traditional LLC should consider upgrading to a Texas series LLC. In short, a series LLC is one of the best ways to protect your assets, but there are many reasons why it is likely in your best interest to form or switch to one. And a real estate attorney can help you navigate the process... Read More »
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For many people, owning property — particularly your own home — is a major part of the proverbial “American Dream.” In the past, only the very wealthy were able to become landowners. But today, home and property ownership are possible for more people than ever. And because of the nature of property ownership, and the fact... Read More »