News / Real Estate
Dispute Tax Assessment with Help from Houston Real Estate Appraisal Company LanCo Realty Services, LLC
LanCo Realty Services, LLC is a Houston Real Estate Appraisal firm that can help you dispute your tax assessment in all 256 counties in the State of Texas. If you own or operate commercial property in an area where property values have depreciated, you may be paying too much in property taxes. Ad Valorem taxes are based upon a previous assessment of your property, so if prices have gone down in your market area, you can appeal your assessment and save money. As an established and trusted real estate appraisal firm in Houston, we can assist you in challenging your tax assessment and represent your property in any ARB hearing.
Protesting a tax assessment is important because the market value of a commercial property is determined by the income approach with secondary emphasis on the Sales Comparison Approach and possibly a Cost Approach. The market value of a commercial property is determined by the appraisal district’s value. If you plan to sell your property, lowering your property taxes can be very attractive to a buyer because that means less out of pocket for them.
We are one of Houston's best real estate appraisal companies and have helped many people lower their property taxes. It is important that you do not try to protest taxes yourself because in an instance where a reduction cannot be negotiated at an informal hearing, you must present the case to the Appraisal Review Board. Although it is very rare that assessed values are raised at the ARB hearing it does happen. Property taxes are raised about once in every 10,000 hearings meaning that it happens less than 1% of the time. In 2012, of those who filed their own protest, only 22% actually achieved the desired result while 79% of those who were represented achieved reduction.
LanCo Realty Services, LLC also provides State Certified appraisers and contract with MAI, SRPA, SREA, as well as ASA designated appraisers. Call today to inquire about our services at 281-781-8287.
