Exploring the Dynamic Shifts in Global Energy: Latest from the U.S. Energy Information Administration
In a move that promises to alleviate the financial pressure of rising property taxes for homeowners, the Texas House and Senate have passed a property tax relief plan pending voter approval on Nov 7th, which would significantly increase the homestead exemption from $40,000 to $100,000. For the average homeowner, this would translate to annual savings of approximately $1,400 on property taxes. But that's not all—the legislation also has other benefits for property owners, small businesses, and seniors. Here's what you need to know.
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I received my property tax bill. What's next?
In a move that promises to alleviate the financial pressure of rising property taxes for homeowners, the Texas House and Senate have passed a property tax relief plan pending voter approval on Nov 7th, which would significantly increase the homestead exemption from $40,000 to $100,000. For the average homeowner, this would translate to annual savings of approximately $1,400 on property taxes. But that's not all—the legislation also has other benefits for property owners, small businesses, and seniors. Here's what you need to know.
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How does J. Joseph help you if your tax bill is too high.
In a move that promises to alleviate the financial pressure of rising property taxes for homeowners, the Texas House and Senate have passed a property tax relief plan pending voter approval on Nov 7th, which would significantly increase the homestead exemption from $40,000 to $100,000. For the average homeowner, this would translate to annual savings of approximately $1,400 on property taxes. But that's not all—the legislation also has other benefits for property owners, small businesses, and seniors. Here's what you need to know.
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Texas Homestead Exemption Set for Major Increase: What You Need to Know Overview
In a move that promises to alleviate the financial pressure of rising property taxes for homeowners, the Texas House and Senate have passed a property tax relief plan pending voter approval on Nov 7th, which would significantly increase the homestead exemption from $40,000 to $100,000. For the average homeowner, this would translate to annual savings of approximately $1,400 on property taxes. But that's not all—the legislation also has other benefits for property owners, small businesses, and seniors. Here's what you need to know.
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3 Reasons Why You May Want to Pay Your Property Taxes Early
All real property and tangible personal property located in Texas are taxable; with taxing units mailing tax bills on Oct. 1, you may consider paying your property taxes early this year.
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How will President Biden's decision to ban the importation of Russian oil and gas affect the world?
President Joe Biden said Tuesday the U.S. will ban all Russian oil imports into the United States, effective immediately on Tuesday. This comes as part of economic penalties for Russia's invasion of Ukraine. How will President Biden's decision to ban the importation of Russian oil and gas affect the world?
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Can we expect the price of oil to continue to rise in 2022?
With Texas Tax Code Chapter 313 set to expire at the end of 2022, the loss of this tax incentive has everyone asking how this change will affect Texas long-term if lawmakers propose no solution when they reconvene the next regular session in 2023. As we look ahead, the loss of this lucrative tax incentive could significantly impact businesses considering relocating within Texas’ borders and those debating moving out of state. Read more to identify what Texas Tax Code Chapter 313 is and its effect on Texas.
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How will the expiration of Tax Code Chapter 313 affect Texas?
With Texas Tax Code Chapter 313 set to expire at the end of 2022, the loss of this tax incentive has everyone asking how this change will affect Texas long-term if lawmakers propose no solution when they reconvene the next regular session in 2023. As we look ahead, the loss of this lucrative tax incentive could significantly impact businesses considering relocating within Texas’ borders and those debating moving out of state. Read more to identify what Texas Tax Code Chapter 313 is and its effect on Texas.
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Your Ultimate Guide to Business Personal Property Taxes in Texas
Business Personal Property Tax (BPPT) is a tax imposed on the value of certain types of tangible personal property used in a trade or business. Examples include furniture, fixtures, machinery, and equipment. In Texas, there are exemptions for some items such as inventory and raw materials. Would you like to learn more about how this affects your company but don't know where to start? We've got everything you need right here! Check out our article now and find out if your company needs to pay BPPT or not. If it does, we'll show you how much it costs and provide examples of what kind of properties qualify for exemptions! Don't wait another minute - read up today! Click the link below now to learn more information on Business Personal Property Tax!
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Oil benchmark is up 200% and prices are on the rise, but for how long?
Entering 2020, the trading price of oil was above $60 a barrel, and it was business as usual. The impact of COVID-19 took a toll, causing oil to fall below $0 for the first time in history at the end of April. Today prices have begun to recover. The quarter closed around $40, mainly due to the reopening and loosening of restrictions on lock-downs. This is far below the more than $60 it fetched at the beginning of the year.
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Positive News on the Ongoing Global Glut
People are starting to commute and travel once again, as more than half of the United States have begun lifting their stay-at-home orders. The demand for oil is slowly starting to rise with international crude oil prices now rebounding by about 50% just in the past few weeks, according to Bloomberg. Here are a few more positive notes on the ongoing global gut.
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Global Oil Forecasts
Crude oil has been trending in the news for weeks now. The corona virus's ongoing global pandemic has profits in the petroleum industry dropping and storage units filling rapidly. People are now starting to wonder, what's next for the petroleum industry, and how will this affect the economy, long-term?
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What We Know on the Global Crude Oil Glut
As profits in the petroleum industry take a plunge due to the ongoing global pandemic caused by the coronavirus, oil depots are being flooded with overflowing masses of crude oil that is now needing to be stored. The U.S. Energy Information Administration (EIA) reported that tank farms which store the crude oil are filling up, and fast. With so much crude oil continuing to build.
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How COVID-19 has continued to affect the Big Oil Industry
With the ongoing global pandemic, profits in the crude oil and energy market have dropped exponentially. COVID-19 has affected prices of oil all over the world, with most big oil companies taking tremendous hits. With Q1 & Q2 taking such devastating blows, only time will tell just how Q3 will be impacted. Here are a few things you can expect.
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Property Owners Beware: You Could Be in Risk of Property Tax Foreclosure and Government-Sanctioned Theft
The Michigan Supreme Court has a tough call to make involving property tax foreclosures and the amount of money the government can legally “take'' from you. According to the Michigan Department of Treasury, Michigan counties can foreclose on homes after property taxes are delinquent for three years. This means that if you are a property owner and are behind on your property tax payments, you can be at risk of having your property foreclosed and a lawful taking, or an attorney, Christina Martin calls it: “government-sanctioned theft.”
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Texas Becomes Latest State to Discuss Abolishing Business Personal Property Tax Liabilities
Property tax liabilities have been a trending topic for many years, but lately, BPP has taken an incline. If you’re unfamiliar with “BPP”, or Business Personal Property, it is a tax on the value of a business’s inventory and equipment. With the recent property tax liability reform of SB2 and HB3, questions arise of whether or not Texas will jump on board to make changes to BPP tax liabilities?
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