In Texas, property taxes make up a very large portion of the budget of local governments. Accordingly, property taxes represent a significant cost for most businesses. Oftentimes, business owners just accept the local government’s assessment of these taxes, when there are potentially significant savings that might be had by challenging the government’s position.
The Wilson Firm represents commercial property owners in real estate valuation litigation. When handling property tax matters, our firm’s goal is to make sure that our clients obtain a fair and equitable allocation and assessment of their property tax burden. In addition to ensuring that the client receives an accurate and equitable valuation of their property, our firm works with and provides sound, strategic advice to tax consultants in order to assist them with the complexities of the Texas Property Tax Code.
Our attorneys also provide assistance to clients with property tax planning related to any future or anticipated development. This includes negotiating and reviewing property tax abatement agreements with governmental taxing authorities, review of any developmental restrictions designed to minimize the impact of property taxes, and advising clients on maintaining property tax exemptions.
The firm handles property tax matters related to industrial manufacturers, all classes of office buildings, hotels, apartment developments, shopping centers, retail space, and undeveloped land. The firm also handles property tax matters related to essential business property used in the daily operation of many businesses, including inventory, machinery and equipment, furniture, fixtures, and vehicles.