Business Property Tax Services
Business Personal Property Tax
Did you know Texas Appraisal Districts often make 3 critical errors in valuing your BPP?
Our survey reveals businesses overpay 2 to 5 times due to these mistakes. Discover how to avoid unnecessary tax burdens today!
What are they?
Incorrect Depreciation Schedules:
Appraisal districts rely on a schedule of physical life depreciation that vastly overvalues property. District tables, for example would place a chair that is one year old at between 86 and 90% of the original price. A $300 chair, for example, would be worth $252 to $250, but its real value is probably $20 to $50.
Texas Taxes on Intangible Property:
Only tangible property is taxed in Texas. The total cost of a phone system worth $2,000,000 includes both Tangible and Intangible property (software, service agreements and trade secrets). The districts encourage owners of property to report the total cost. This is incorrect.nec ullamcorper mattis, pulvinar dapibus leo.
Encourage property owners to include inappropriate costs:
While freight costs, set-up fees, and special buildings for housing equipment are included in the IRS’s depreciation table, it is a grave error to include them when calculating personal property taxes.
L&Y Tax Advisor, which has been appraising BPPs and commercial properties for over 25 years, has created a set of proprietary valuation tables that address these 3 mistakes. Tables vary according to the property type.
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Click HereWhy Choose us for Business Property Tax Services?
Contingent Fee
No fees apply unless we save you money; your risk-taking potential is zero!
Automatic
We protest your taxes automatically year after year. Once you sign up with us, we will continue to fight for your tax reduction.
Greater Protection
You don’t pay unless we save you money. You have zero risk.
More Successes
L&Y Tax Advisor is one of the largest property tax consulting firms in America.
More Effective
At Texas Appraisal Review Board Hearing Services (TARBS), our firm has demonstrated to be more aggressive and successful than any other in coordinating legal appeals and binding arbitration to achieve reductions that go beyond what was possible in an appraisal review board hearing.
Binding Arbitration
With your agreement we can coordinate binding arbitration to achieve equitable results for owners of small commercial properties not able to pursue a judicial appeal.