With the federal tax deadline fast approaching, protesting your commercial property tax appraisal should be at the top of your to-do list. Failure to do so can result in paying tens or hundreds of thousands of dollars. In order to potentially save yourself a large chunk of your earnings, protesting your commercial property tax is necessary.
At Bukowski Law Firm, we strongly encourage every property owner in every county in Texas to protest their appraised property tax value every year. We can help you get the lowest appraised value for your property so that your property taxes don’t become a huge financial burden to your business. Here is some important information to know about protesting your commercial property taxes in Texas.
Depending on the size of your property, just one year of taxes could run you tens or even hundreds of thousands of dollars. That’s money you could use to expand your inventory, hire more employees, or increase your marketing budget. Protesting your property taxes helps ensure that you don’t pay more tax than necessary, and saves you and your business money.
How Often Should I File?
It is imperative that a property owner protest his or her property taxes every single year in order to obtain the most savings.
Even if you don’t achieve a significant reduction this year, by protesting your appraised value you could potentially strengthen your case for the following year’s appraisal. Contact a commercial real estate attorney in Round Rock today, and we’ll assist you in the process of minimizing your tax burden in the future.