Harris County has begun to asses mobile home parks on market value vs appraised value. The taxes on one of my properties increase 300 percent. We have a company who protest the taxes yearly but this is on another level. Would love to hear how other owners are handling this or tactics to protest it.
Do you make the mistake of completing that form they give you asking you to report your income? Because Texas is a non-disclosure state. You do not have to report sales price or income.
One thing to consider is the purchase price of your real estate can be divided into personal and real property. Only real property is subject to the tax increase. Thus, you can use a cost segregation to your advantage by putting more value on non-real property or equipment…