If you own a business in Texas, you are all too familiar with your tax liabilities. Those taxes are numerous and varied, and not likely to lessen any time soon. As a business owner, the very mention of such a topic may lead you to reach for the Advil – or something stronger. And with that tax headache, I offer a side of sobering statistics:
*According to the Council on State Taxation (COST), Texas industries and businesses pay 62% of all state and local taxes. Compare that to the national average of 44%.
*According to the Biennial Property Tax Report (2014 and 2015), the average single family residence increased in value by 10.87% between 2014 and 2015. During that same time, commercial property values increased 10.16%.
*According to the Biennial Property Tax Report (2014 and 2015), between 2005 and 2015, property values increased overall in every year except 2010 – which saw an overall decrease in value of just over 1%.
For 30 years, Southland Property Tax Consultants, Inc., has succeeded in reducing our clients’ property taxes. In fact, in 2016, our team generated a 96% success rate with a 19% average reduction for our clients. Over the past five years, we achieved a 94% success rate, with a 21 % average reduction. Imagine what we can do for you.
If your business is in the State of Texas, we can help. If you have any questions about our services, I hope you’ll reach out.