TAB Program Guides Stations to Property Tax Savings
posted on 8.22.2022- Virtual Presentation Set for Sept. 7
Texas Radio and TV stations routinely report on property tax pressures and policy changes affecting local residents and businesses, but they don’t always take the necessary steps themselves to ensure they’re not paying more than necessary. An upcoming presentation from a new TAB associate member aims to correct that.
Station owners and business managers are encouraged to participate in a Sept. 7 virtual presentation by Tax Advisors Group that will illustrate how certain practices by county appraisal districts – combined with lax recordkeeping and reporting by stations – can result in a higher property tax bill than necessary.
Broadcasters may be especially vulnerable to overpaying because of the rapid technological changes that have been occurring over the past several years.
The program will cover everything you need to know about business personal property taxes, from how a station’s assets are valued by the appraisal district and how that affects your costs, to the strategies you can use to lower your tax liability – and everything in between.
Headquartered in Dallas, Tax Advisors Group works with a number of industries, but the firm’s Chief Commercial Officer, Chris Streit, has a special connection to the broadcast industry. His father, Brad Streit, was a lifelong Texas broadcaster who served as Board chairman in 1994 and was named TAB’s Pioneer of the Year in 2018 before retiring in 2020.
Chris Streit and his colleague, VP Caitlyn Machann, note that in Texas – which has the most aggressive property tax system in the country – business personal property is consistently over assessed, overvalued, and is generally left unchallenged due to the complexities of valuation and assessment appeals.
Delegates to the TAB Show earlier this month had an opportunity to visit the firm at the trade show where they exhibited for the first time.
Questions? Contact TAB’s Oscar Rodriguez or call (512) 322-9944.
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