Oconnor

11 Articles total.
Appealing Business Personal Property Tax Assessments in Texas

On Feb 25, 2015 0 104 52

"Collecting more taxes than is necessary is legalized robbery." These words of wisdom, spoken by the 13th president of the United States, Calvin Coolidge, still ring true in today's society for homeowners and business owners...

Appealing Property Taxes for Apartment Owners

On Feb 25, 2015 0 104 52

Property taxes are one of the largest line item costs incurred by apartment owners. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an arbitrary estimate provided by the government which can't effectively be appealed...

Appraisers lower costs for federal tax savings on small property depreciation

On Feb 25, 2015 0 104 52

Tax savings through cost segregation is no longer out of reach for investors in small and medium size properties. With appraiser expertise, fees for analysis are often one-third to one-half lower than those charged by traditional preparers...

Cost Segregation - Why isn't my CPA already doing this?

On Feb 25, 2015 0 104 52

Most commercial property owners, even those who use professional accountants, fail to take advantage of cost segregation, a tax mechanism that could generate substantial savings in federal income taxes...

Summary Regulatory History of Cost Segregation

On Feb 25, 2015 0 104 52

BACKGROUND In order to calculate depreciation for Federal income tax purposes, taxpayers must use the correct method and proper recovery period for each asset or property owned. Property often consists of numerous asset types with different recovery periods, which must be separated into individual components or asset groups having the same recovery periods and placed-in-service dates...

Texas Apartment Market

On Feb 25, 2015 0 104 52

All Texas metro markets report current overall occupancies above 90%, with Austin leading the market at 93.39%. The lowest occupancy is found in the Dallas/Fort Worth market at 90.35%. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $0...

Texas Apartment Market Update – May 2006

On Feb 25, 2015 0 104 52

Although all major Texas markets posted decreases in average occupancy in May, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was found in Dallas/Fort Worth at 90...

Valuation of Business Personal Property (BPP)

On Feb 25, 2015 0 104 52

The huge range of assessed value for business personal property (BPP) makes obtaining substantial property tax reductions highly probable. It is not unusual for the range of assessed value for BPP accounts for similar properties to vary by 5,000%! For example, furniture and computers for companies within the same office building sometimes vary from $1 to $50 per square foot...

Appealing taxes for your home - The Basics

On Feb 25, 2015 0 104 52

Property taxes are a substantial expense for Texas homeowners, averaging about $3,600 annually. To reduce this expense, property owners should annually review and consider appealing property taxes. While there is no guarantee that an appeal will be successful, a recent survey conducted by O'Connor & Associates indicates that 70% of property tax appeals are successful...



Cost Segregation give apartment owners tax relief

On Feb 25, 2015 0 104 52

Apartment owners can face staggering expenses to maintain apartment communities. The upkeep of even a modest community could involve groundskeeping, unit renovation, and replacements, such as parking lot asphalt and fencing...

Depreciate property improvements correctly with cost segregation

On Feb 25, 2015 0 104 52

Most commercial building owners are grossly overpaying federal income taxes because they are not depreciating their property as quickly as they should. A cost segregation study allows property owners to both defer and reduce federal income taxes...

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