Uncover Hidden Savings in Texas Property Assessments
As April unfolds, our attention shifts to Texas, where appraisal districts are beginning to mail out annual property valuation notices. These valuations are a key factor in determining 2025 property tax liabilities—and they deserve a careful review.
For CPA firms and real estate advisors, this season presents a timely opportunity to support clients in identifying potential tax savings through proactive assessment reviews. In Texas, property owners have until May 15 or 30 days after the appraisal district issues the notice, whichever is later, to file a protest if they believe their valuation is inaccurate.
This is especially relevant for clients with annual property tax liabilities exceeding $50,000, where even modest adjustments to the valuation can result in meaningful savings. Yet many owners fail to act simply because they are unaware of their rights—or because they lack the time and resources to challenge an assessment.
What CPAs and Advisors Should Look For
When reviewing a client’s property tax notice, consider the following key areas:
- Market Conditions: Has the property experienced vacancies, declining rents, or other economic pressures that may have reduced its market value?
- Comparable Assessments: Are similar properties in the area assessed at lower values?
- Factual Errors: Has the county overstated square footage, building condition, or property use?
If your clients hold Texas properties with tax liabilities over $50,000, encourage them to have their valuations reviewed now. This simple step could lead to significant tax savings and prevent overpayment in the upcoming year. Taking a proactive stance on property tax management not only adds value but strengthens client relationships for the long term.
Need help evaluating your client’s Texas property tax assessments? Our Fixed Asset Services team is here to support your efforts.
As Principal for McGuire Sponsel’s Property Tax practice, Ken Zdrok manages real property assessment review and appeals, personal property assessment review and appeals, pre-acquisition advising, and acquisition price allocation consulting.
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