Houston Property Tax Appeals

Although commercial and industrial property owners tend to pay more in property taxes than residential property owners do, Texas is still one of the states that places the lowest property tax burdens on its residents. Still, though, the state of Texas gets the majority of its revenue from property taxes, so property taxes are a huge fact of life for all property owners in the state. While property taxes in Houston, which is located in Harris County, aren’t among the lowest property tax rates in the state, they aren’t among the highest either, which leaves Houston property owners paying a median range in property taxes each year.

Houston Property Assessment

Perhaps the most contributing factor to how much a property owner will have to pay in taxes, in addition to the county’s tax rate, is how much the owner’s property is assessed for. The higher the value of property is determined to be, the more the property owner will be expected to pay in property taxes. Determining the value of a property is much more complex than it might seem on the surface, however, especially when that property is commercial and industrial property.

Factors that Affect Houston Assessment Value

Numerous factors affect the value of the assessment. Of course, the most notable factor is the property tax rate that Houston has set for its property owners. Additionally, the market value of similar properties must also be taken into consideration, and the value of any machines or industrial equipment must be assessed. This is perhaps the most difficult part of assessing commercial and industrial property in Houston and is part of what makes appealing assessment values of such property so common. The way that commercial and industrial property must be assessed must not only take into account the current state of the equipment, but it must also take into consideration the expected future revenue generation of the equipment as well as any depreciation factors.

Average Houston Property Tax

In 2015, the average property tax amount that property owners in Harris County paid was estimated to be $1,080. However, that amount could be expected to be slightly higher for commercial and industrial property owners. Property owners who found that their property taxes were much higher than the average might want to consider appealing their property tax assessments.

Assessment Technologies

The experts at Assessment Technologies can assist property owners with appealing their property tax assessments. Assessors are only human, so they are subject to making errors. Moreover, the process of accessing commercial and industrial property can be complex, and not all property assessors have the specialized and intricate knowledge of the machinery and equipment that businesses use. Therefore, they can’t accurately discern the value or future expected revenue generation of such equipment. At Assessment Technologies, we have experts who are familiar with the assessment of commercial and industrial property and have specialized knowledge concerning such equipment. We also use a unique valuation method to determine what the true value of your property taxes should be. In addition to ensuring that your commercial and industrial equipment is properly assessed, we also make sure that your property has been accessed at values that are comparable to similar properties throughout the Houston area. If we believe that your property has indeed been overassessed, then we will fight aggressively to help you receive a reduction or refund on your overpaid taxes. Contact us today for your free consultation!