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re: Ad Valorem (property tax) elimination
Posted on 6/12/14 at 10:22 pm to LSUFanHouston
Posted on 6/12/14 at 10:22 pm to LSUFanHouston
quote:
In Texas, there is an entire industry dedicated to combating appraisals.
What resources would be needed to challenge appraisals in LA? The company I work for pays a third party 10's of thousands a year to challenge property tax appraisals in a fairly specialized field(medical equipment). They get 45% of the savings + a flat fee for each filing.
Posted on 6/12/14 at 11:02 pm to Boomshockalocka
quote:
pays a third party 10's of thousands a year to challenge property tax appraisals in a fairly specialized field(medical equipment). They get 45% of the savings + a flat fee for each filing
Are you talking about equipment/inventory or real estate?
Posted on 6/13/14 at 10:40 am to Boomshockalocka
quote:
What resources would be needed to challenge appraisals in LA? The company I work for pays a third party 10's of thousands a year to challenge property tax appraisals in a fairly specialized field(medical equipment). They get 45% of the savings + a flat fee for each filing.
I'm not sure there is any law here in LA that prevents agents from acting on behalf of property owners when it comes to fighting appraisals.
Generally, real property is valued every 4 years here, with personal property every 2 years. In Texas, real property undergoes a full appraisal every 2 years, with a more mathmatical adjustment in the other years.
I would think knowledge of what you are doing, along with malpractice insurance, would be what you would need to get started.
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