Real Estate Taxes
To say that the tax plans proposed separately by Republican senators and representatives were contentious would be an understatement. When both bills came out, many real estate industry organizations found them problematic, especially the National Association of Homebuilders. However, the NAHB just changed its tune after seeing the most recent iteration of the bill, which…
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Got a memo from some legal eagles who directed me to the Texas Property Code, Sec. 11.18. CHARITABLE ORGANIZATIONS. (a) An organization that qualifies as a charitable organization as provided by this section is entitled to an exemption from taxation of: (1) the buildings and tangible personal property that: (A) are owned by the charitable…
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By Leslie Rouda Smith Special Contributor Proposition 1 does four things. First, it lowers property taxes by increasing the homestead exemption from $15,000 to $25,000. Second, it ensures senior Texans and disabled Texans get as much tax relief as possible. Third, it prohibits local governments from repealing or reducing any homestead exemption that may exist.…
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A reader writes: I live in a newer downtown condo. As you may be aware, the assessed values are very low for many of the properties. The strange thing is that some of the homeowners for THE EXACT SAME FLOOR PLAN have values on DCAD that reflect market prices, while others are at outdated below-value…
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Heads up: Parkland is looking for money to fund that new building that was approved by the taxpayers in 2008. (Personal note: I voted against it.) This despite the implementation of Obamacare. There is simply not enough money coming in from state and federal funding:
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