San Antonio Property Tax Information
Taxes in San Antonio, Texas, tend to be higher for commercial and industrial property owners than they do for homeowners. Still, though, the state of Texas in general has lower property tax burdens for all property owners across the state. Counties in San Antonio like Bexar, Comal and Medina don’t have to worry about paying corporate income taxes or individual income taxes, and they also don’t have to worry about paying property taxes on the state level since no taxes are assessed at the state level. However, they must still pay the property taxes that the Bexar, Comal and Medina County governments choose to impose on them.
Property Tax Rate in San Antonio
All the counties within San Antonio, Texas, have a property tax rate that consists of two components: Maintenance & Operations and Debt Service. Each of the components has a tax rate imposed per $100 of taxable value, and the two rates combined consist of the property taxes that Texas property owners pay.
Property Assessments in San Antonio
Of course, one of the most determining factors in how much a business’s tax liability is going to be is affected by how the property is valued. Valuing commercial and industrial property can be much more complicated than valuing home owner properties, and it’s not uncommon for Bexar, Comal and Medina County assessors to improperly assess industrial equipment and other such properties that require special expertise to properly assess. Determining the real market value of equipment used in manufacturing processes is much more complex than it first appears. Numerous factors must be taken into consideration such as the depreciation of the equipment and the projected future income of it as well. Obviously, such factors aren’t clean-cut and can be disputable. In order to determine these factor, still other factors must be taken into consideration such as the current and projected states of the counties’ economies.
Property Tax Solution In San Antonio
Regardless of the legislative decisions that Bexar, Comal and Medina County governments decide to impose on property taxes within the San Antonio area, Assessment Technologies can help you ensure that you pay the least amount possible in property taxes. We’ll evaluate your property, and we have specialized experts who know the proper way to assess the value of complex commercial and industrial equipment. If we believe that your property was overassessed, we’ll fight aggressively to help you get your tax liability lowered or waived. Not only do we ensure that we provide you with a complete and thorough assessment of your property, but we also make sure we have the statistics and facts to back up our claims. We’ll provide documenting evidence that will help us recover funds from taxes that you’ve overpaid on, and we can also help reduce your tax liability in the future.