Rental Property Taxes Lowered Austin, TX
One of Rollingwood Management’s key objectives is to examine and evaluate an owner’s property operating costs for areas where savings can be accomplished. Our experience has been that one area where most rental property owners typically overpay is their annual property taxes. To combat this, we partner with a well-established company to evaluate the assessed value placed on our owner’s property by the county appraisal district.
This company of experienced property tax professionals is dedicated to effectively evaluating and managing the property tax liability for our owners. This service verifies that you are paying only your fair share of property taxes. This year we were able to save our owners over $94,497.00 in property taxes. One owner realized a remarkable annual property tax savings of $11,200.00! In the past 16 years, our owners that are signed up for this valuable program have saved over $618,000.00 in property taxes they would have paid out had they not taken advantage of this service. Since we contract a large number of accounts, the evaluating company gives us special pricing on this service.
Is your property management company thinking like this for you? In addition to saving money on property taxes or verifying that an owner’s property is not overvalued, the hidden significance of this service is that a decreased tax this year means that the property's tax valuation base is lower next year than it would have been otherwise. This creates a compounding benefit in the tax payments each year. In other words, if the property value is increased next year, the appraisal district will start at a lower value than if it had not been decreased this year. A breakdown of additional information on the valuation process is sent to each owner.
If you are not receiving this and other invaluable cost-saving services and would like to be included next year, please call or email us to find out more about our property management services.