- Need Professional CPA?
Tag: Property tax exemption
Legal Ways to Reduce Your Texas Business Taxes
Reduce Your Texas Business Taxes While Texas is known for its no personal income tax, businesses operating in the state are still subject to several other taxes, including the Texas Franchise Tax, sales tax, and property taxes. Fortunately, the Texas Tax Code offers multiple ways for businesses to legally reduce their tax liability through deductions, […]
How to Apply for a Texas Homestead Exemption to Lower Property Taxes
Introduction Texas homeowners can significantly reduce their property tax bill by applying for a homestead exemption. This exemption lowers the taxable value of a primary residence, resulting in lower annual property taxes. This guide explains who qualifies, how to apply, and how much you can save with a homestead exemption in Texas. 1. What Is […]
Texas Tax-Free Weekend: What’s Included & How to Maximize Savings
Introduction Texas Tax-Free Weekend is an annual event that allows shoppers to purchase certain items without paying state and local sales tax. This tax holiday is designed to help families, students, and businesses save money on essential back-to-school items. This guide explains which items qualify, key dates, spending limits, and strategies to maximize savings. What […]
How to Qualify for Texas Agricultural Property Tax Exemptions
Introduction Texas offers agricultural property tax exemptions that allow farmers, ranchers, and landowners to significantly reduce their property tax bills. These exemptions, known as agricultural valuation (Ag Exemptions), Open-Space (1-d-1), and Wildlife Management Use, provide lower tax rates for qualifying landowners. This guide explains who qualifies, how to apply, and how much you can save. […]