The Myths and Realities of Texas Real Estate

When you think of Texas, you think BIG — big skies, big BBQ, big business, and yes, big real estate. But there’s another “big” that commercial property owners know all too well: property taxes.

Texas boasts a business-friendly environment with no state income tax, attracting companies and investors nationwide. However, property taxes are a significant source of revenue for local governments, making them a top expense for commercial real estate owners.

Let’s bust a few myths and shed light on the realities of Texas property taxes:

• Myth #1: Property tax rates are higher because there’s no state income tax.

Reality: While property tax rates may seem high, savvy owners can reduce their tax burdens through careful reviews and appeals of their property value.

• Myth #2: Property taxes are set in stone.

Reality: Mass appraisals often result in some properties having inflated valuations. Appealing assessments with accurate data can yield substantial savings.

• Myth #3: The property tax system is too complex to navigate.

Reality: Partnering with experts (like FirstPointe Advisors!) simplifies the process and ensures fairness.

Texas property taxes don’t have to be bigger than they should be. Our job is to help commercial property owners make sure their assessments reflect reality—not assumptions.

Contact FirstPointe Advisors today for a complimentary property tax review and let us help you plan ahead for success.

James “Garrett” Cope

Senior Manager, Property Tax

FirstPointe Advisors, LLC

3201 Dallas Pkwy., Suite 200

Frisco, TX 75034

Main: 214.253.0056

info@first-pointe.com