"A Property Rights Advocate"
Money The Texas 82nd Legislature has drafted House Bill 843 that amends the Texas Property Tax Code Chapter 31, Section 31.01. This chapter deals with "Collections and Delinquency". Now you can't use the excuse "I never received it"!! Useful definitions: Mortgagee is an entity that lends money to a borrower for the purpose of purchasing a piece of real property. Mortgagor … [Read more...]
PROPERTY TAX LAW UPDATES (AG USE) -- CAN THEY AFFECT YOU? The 82nd Texas legislature proposed some interesting changes and amendments to the Texas Constitution and Property Tax Code. Senate Joint Resolution 16 has been proposed to amend the Texas Constitution Article VIII, Section 1-d-1 subsection (a) to add water stewardship to the list of land uses that qualify for appraisal … [Read more...]
I have been receiving more and more calls from brokers regarding some county appraisal districts changing acreage sizes for qualifying ag land or threatening to start denying "currently ag qualified land". I am NOT an attorney nor do I play one on t.v. or radio. But I sure KNOW where to look to find out if the CAD has the RIGHT to do that. These inquires are involving tradtional ag … [Read more...]
Beginning January 1, 2013, a new 3.8 percent tax on some investment income will take effect. This tax WILL NOT be imposed on all real estate transactions, as previously been published and talked about by almost everyone in the press. When the legislatio n becomes effective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and … [Read more...]
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