Texas Property Tax Strategies

Why Properties are often Overvalued in Texas (Commercial & Residential)

Episode Summary:In this episode of Texas Property Tax Strategies, host LeAnn Lyon is joined by Chris Tejeda, an attorney at Boling Tejeda, PLLC, to discuss the intricacies of property overvaluation in Texas. Chris explains how mass appraisal systems, used by appraisal districts, often lead to inaccurate property valuations due to their reliance on generalized data rather than specific property characteristics. The conversation delves into the impact of market changes, such as those seen during the COVID-19 pandemic, on property valuations, and how these can lag behind actual market conditions. Chris also highlights the importance of understanding income, occupancy, and operating expenses in commercial real estate valuations. For residential property owners, he discusses how frequent sales and renovations can skew valuations. Listeners will gain valuable insights into how to identify potential overvaluation and the types of documentation that can support a property tax protest.
Key Timestamps:00:01 – Introduction00:32 – Common Reasons for Overvaluation01:04 – Mass Appraisal Systems Explained02:49 – Impact of Buyer Behavior on Valuation03:00 – Challenges with Mass Appraisal Systems04:01 – Unique Property Characteristics and Valuation05:11 – Income, Occupancy, and Operating Expenses in Valuation07:30 – Rapid Market Changes and Valuation Lag09:48 – Residential Property Overvaluation Factors11:44 – Evidence for Challenging Property Valuation13:33 – Warning Signs of Overvaluation14:18 – Importance of Protesting Property Valuation
About the Show:Texas Property Tax Strategies is a podcast dedicated to helping property owners in Texas navigate the complexities of property tax assessments and disputes. Hosted by industry professionals, the show provides insights into the legal and procedural aspects of property tax challenges, offering practical advice and strategies. Whether you're a commercial property owner or a homeowner, the podcast aims to equip you with the knowledge needed to ensure fair property valuations and to effectively manage your property tax obligations.

The Commercial Property Tax Appeal Process Explained

Episode Summary:
In this episode of Texas Property Tax Strategies, host Leann Lyon sits down with Chris Tejeda, an attorney at Boling Tejeda, to delve into the intricacies of the commercial property tax appeal process in Texas. Chris provides a comprehensive overview of the steps property owners should take if they believe their property has been overvalued. He explains the importance of timely filing protests, the role of the appraisal review board, and the options available if the board's decision is unsatisfactory. Chris also discusses the benefits and drawbacks of arbitration versus litigation and highlights common mistakes property owners make during the appeal process. This episode is essential for business owners and real estate investors looking to navigate the complex world of property tax disputes effectively.
Key Timestamps:
00:01 – Introduction
00:28 – Understanding the Commercial Property Tax Appeal Process
00:56 – Filing a Protest: First Steps
01:50 – Importance of Deadlines in the Tax System
02:08 – What Happens After Filing an Appeal
03:32 – Role of the Appraisal Review Board
04:38 – Composition and Function of the ARB
06:18 – Working with Property Tax Consultants
07:19 – Arbitration vs. Litigation: Choosing a Path
09:44 – Options Beyond the Appraisal Review Board
10:57 – Key Deadlines for Filing Appeals
13:28 – Common Mistakes in Challenging Tax Assessments
15:43 – The Importance of Meeting Deadlines
About the Show:
Texas Property Tax Strategies is a podcast dedicated to helping Texas business owners and real estate investors navigate the complexities of property tax disputes. Hosted by experts in the field, the show breaks down the legal processes and strategies involved in challenging property tax assessments. With a focus on clarity and actionable insights, listeners gain valuable knowledge on how to effectively manage their property tax obligations and protect their investments. Whether you're a seasoned investor or new to the field, Texas Property Tax Strategies offers the guidance you need to make informed decisions.

Breaking Down the Texas Property Tax System (History, Tax Appraisal, Tax Rates & Collection)

Episode Summary:
In this episode of Texas Property Tax Strategies, Chris Tejeda an attorney specializing in commercial property tax disputes at Boling Tejeda in Allen, Texas. Chris shares his journey into the niche field of property tax law and explains the intricacies of the Texas property tax system. He breaks down the three main components: property valuation, tax rates, and the collection process. Chris also discusses the importance of understanding who sets property values and tax rates, common misconceptions about property taxes, and how property owners can effectively protest their valuations. This episode is essential for Texas property owners looking to navigate the complexities of property tax assessments and ensure their rights are protected.
Key Timestamps:
00:01 – Introduction
00:11 – Chris Tejeda's Background and Focus
03:47 – Key Components of the Texas Property Tax System
04:57 – How Property Values Are Determined
07:53 – Importance of Protest Deadlines
09:39 – Mass Appraisal Process Explained
12:03 – Understanding Market Value and Equalization
14:49 – Common Misunderstandings About Property Taxes
16:32 – Impact of Market Trends on Property Valuation
17:53 – The Role of Appraisal Districts and Tax Collectors
18:59 – Conclusion and Contact Information
About the Show:
Texas Property Tax Strategies is a podcast dedicated to helping property owners in Texas navigate the complexities of property tax assessments and disputes. The show features expert insights from attorneys and industry professionals who provide practical advice and strategies for managing property tax issues. Whether you're a commercial property owner or a real estate investor, this podcast offers valuable information to help you understand your rights and options in the Texas property tax landscape.