This white paper defines the value that property tax consulting delivers to investors when serviced during the acquisitions phase versus the operations phase of commercial real estate investment projects.
Although most owners/managers do an adequate job of controlling property taxes during the hold period, there is usually a lack of understanding of expectations during the underwriting process.
Each year, appraisal districts send out property valuations, and upon receiving a building’s assessed value, owners and investors spend time on appeals to receive what they believe is a fair value.
Each year appraisal districts are tasked to appraise all real estate and personal property values. Texas property tax code requires all businesses to file a business personal property tax return by April 15 of each year.
Many states will look to increase revenue by turning to local appraisers to seek additional value in both real property and personal property across all industries, including construction.
Dallas commercial property appraisals are out and many owners who saw an increase in values are asking themselves how these valuations came to be. If you’re one of those owners questioning this year’s numbers, consider this.
High tax bills are a potential reality for any commercial property that brings in revenue. Sometimes, a high tax payment can dramatically affect net operating income and reduce the value of a property.
The seniors housing industry is making a gradual transition from unfamiliar territory to a more pervasive market sector. Large institutional investors are gradually becoming more familiar with the industry.
In June and July of every year, commercial property owners and their respective agents are busy appealing the assessed values of their property taxes. But for some, the May 31st commercial property tax filing deadline has come and gone.
With this economic boom comes an increased need for data management and data centers—a growing industry in Texas. The Dallas-Fort Worth region, in particular, has become a hub for data centers.