If you own a business, you are taxed on more than just your building. Tangible assets like furniture and inventory must be reported annually.
In Texas, Business Personal Property (BPP) is tangible property that is used for the production of income. It is taxable regardless of whether you own the building you operate in.
The Trap: Many businesses over-pay because they report assets that are broken, obsolete, or no longer in use. We review your rendition to ensure you aren't taxed on "ghost assets."
Desks, chairs, shelving units, display cases, and office furniture used in your business operations.
Laptops, servers, copiers, phone systems, and POS terminals. These depreciate quickly, which is a key area for savings.
Raw materials, goods in process, finished goods awaiting sale, and inventory held on consignment.
Company cars, delivery trucks, machinery, and tools. (Even personal tools used for income can be taxed).
Tax liability is determined by what you own and where it is located on January 1st of each year. If you move inventory out on Jan 2nd, you are still taxed on it for the full year.
Brandon and his team have proven they can perform with any product type we give them,
from industrial and office property to single and multi-family residential.
At a critical time when a property was in lease-up, we were faced with an unreasonable and unjustified assessment.
Brandon’s tenacity and responsiveness resulted in a fair assessment and the largest value change I've seen in my career.
Outstanding!! These guys are pros - they are great at what they do and great to work with.