Checking all available options...

Property Tax Inquiries Call 713.290.9700

BPP Book By Patrick O’Connor

guesstimate

What you need to know about “Personal Property Valuation” By Patrick C. O’connor

Did you know that Texas Appraisal Districts commit 3 major mistakes in valuing your BPP?

Our recent survey shows that many businesses are paying 2 to 5 times the correct amount of the Business Personal Property Tax. And in almost every case it’s due to the 3 major mistakes.

What are they?

Evaluation Image

Evaluation Image
Using Inaccurate Depreciation Tables

Appraisal districts use a physical-life depreciation schedule that grossly over-values personal property. For example, district tables would value a one-year-old chair at 86 to 90% of its original cost. Hence, a $300 chair would be valued at $252 to $270, when its true value is likely $20 to $50.

Evaluation Image

Evaluation Image
Taxing on Intangible Personal Property

ONLY tangible personal property (items you can see, touch, feel, and move) is taxable in Texas. If you have a $2,000,000 phone system, the total cost includes Tangible (plastic, metal, and silicone) and Intangible (service agreements, software, and trade secrets) property. Districts encourage property owners to render the TOTAL cost, which is not correct.

Evaluation Image

Evaluation Image
Encouraging Property Owners
To Include Inappropriate Costs

Incorporating freight, setup costs, and specialized buildings to house equipment, while included in depreciation tables (appropriate for the IRS), is dead wrong for personal property taxation.

Get a free copy of

“What You Need To Know About Personal Property Valuation”,

the only book written on BPP Valuation

With 25 years experience in appraising property and having completed over 25,000 appraisals, we understand the frustration you’re feeling. We know how you feel.

dollor

ENROLL TODAY In the Property Tax Protection Program™

Free online enrollment in 3 minutes.

No cost unless taxes reduced, guaranteed.