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Articles by Tim Rye
Access to care is worth fighting for
With so much media coverage on federal issues right now, it’s easy to get lost in the politics. But all Texans should be concerned that the Medicaid program faces potential cuts. It’s a vital safety net for patients and the Texas economy. Many people believe Medicaid only benefits the patients it serves – low-income children, pregnant women and the disabled. But the program has a significant economic impact on state and local communities, too.
Property Taxes High? Your Property Could Be Over Valued. Find Out More on The Larkin Hoffman Real Estate Podcast.
There is a simple formula that is used to determine how much you owe in property taxes, however if your property is valued incorrectly, you could be overpaying. Tim Rye and Adam Pabarcus from our property tax appeals team recently sat down with Bill Griffith to discuss the property tax appeals process and to highlight the benefit of a quick periodic review to determine if your tax assessment is fair.
Airport Concession Fees Are Not Rent in Property Taxation
In a groundbreaking ruling, the Minnesota Supreme Court affirmed a tax court decision requiring tax assessors to exclude the airport’s concession fees from rent-based valuations for property tax purposes. The case offers a flight plan to lower taxes at many of the nation’s transportation hubs and underscores the importance for all taxpayers to exclude business value from taxable property value.
Minnesota Property Tax Update
Businesses and real estate of all types are being disrupted and upended by the COVID-19 pandemic. As this pandemic changes the landscape on a daily basis, we will keep you informed of important property tax issues along the way.
When to Consider a Property Tax Appeal
Developers, real estate investors and business owners are appropriately focused on creating profit and high rates of return. Managing property taxes may not be a terribly high priority. However, property taxes are usually the most significant real estate expense incurred by real estate users and have a direct impact on profitability and rates of return. So, when should developers, investors and businesses consider a property tax appeal?
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