This week, on the ITC Tax Podcast, hosts Stephen Shaw and Mark Dzeda explore the importance of correcting property tax assessments as the new tax season approaches. They break down the substantial error correction process, explaining when and how taxpayers can challenge inaccurate property valuations.

Listen as Stephen and Mark emphasize that pursuing a correction is a low-risk, high-reward strategy, as the potential tax savings often far outweigh the minimal penalties involved.

Key Takeaways

1. How substantial error corrections can reduce over-assessed property taxes
2. Key requirements and timelines for filing a successful correction claim
3. Common assessment issues, including overstated or obsolete inventory
4. Why pursuing corrections is a low-risk strategy with meaningful tax-saving potential

Resources

Learn more and connect with the ITC Tax team at itctax.com.

Mentioned in this episode:

Optimize Your Property Tax!

ITC Tax

This week, on the ITC Tax Podcast, hosts Stephen Shaw and Mark Dzeda break down the often-overlooked pollution control tax exemption and how it can deliver significant property tax savings for businesses across multiple states. They explore which industries and equipment may qualify, along with the procedural steps required to secure and maintain the exemption.

Stephen and Mark dive deep into the filing process, explaining how requirements can vary by state and authority, including the role of the Texas Commission on Environmental Quality (TCEQ) and local appraisal districts. Listen for tips on how to navigate regulatory complexities, protect eligible assets, and optimize long-term tax strategies.

Key Takeaways

1. How pollution control tax exemptions work and who can benefit
2. Key filing requirements and differences between state and local authorities
3. Why the January 31 TCEQ deadline is critical for exemption approval
4. Common challenges from local appraisal districts and how to prepare for them

Resources

Learn more and connect with the ITC Tax team at itctax.com.

Mentioned in this episode:

Optimize Your Property Tax!

ITC Tax

In the latest episode of the ITC Tax Podcast, hosts Stephen Shaw and Mark Dzeda dive into the critical role of proactive planning in property taxation, especially for data centers. They discuss a common mistake many property owners make: allowing information about their projects to enter public discourse before a strategic plan is in place. This can lead to missed opportunities for valuable tax incentives, as early applications and community engagement are often overlooked.

Listen this week for tools that help maximize your competitive advantage through thoughtful planning, due diligence, and strategic foresight in property taxation.

Key Takeaways

• Proactive engagement is essential to secure tax incentives.
• Controlling the narrative of your project prevents costly missteps.
• Early application and community outreach are critical for competitive leverage.
• Awareness of state and local tax regulations is crucial for informed decision-making.

Resources

Learn more and connect with the ITC Tax team at itctax.com.

Mentioned in this episode:

Optimize Your Property Tax!

ITC Tax

In the latest episode of the ITC Tax Podcast, hosts Stephen Shaw and Mark Dzeda explore the critical strategies enterprises should consider when establishing data centers, with a focus on property tax implications and securing incentives. They discuss the importance of initiating conversations about potential tax incentives early, ideally before any public announcement of site selection.

Listen this week for a comprehensive framework for strategic planning in data center development, blending tax strategy with community engagement to foster sustainable growth.

Key Takeaways

• Early engagement with local jurisdictions is key to securing tax incentives for data centers.
• Proactive site selection maximizes potential financial benefits for businesses.
• Controlling the narrative around job creation ensures accurate communication of economic impact.
• Data centers boost local tax bases through property value increases and revenue generation, without heavy demands on public services.

Resources

Learn more and connect with the ITC Tax team at itctax.com.

Mentioned in this episode:

Optimize Your Property Tax!

ITC Tax