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Welcome to Advantax. I’m Regina Waldroup with your PropTax Minute.

Did you know that property tax was recently labeled as the most hated tax in America? I don’t expect anyone to differ, but it seems a little harsh doesn’t it? It must be more hated than income taxes, sales taxes, and hospitality taxes.

So what’s not to love about property taxes? Is it the fact that total property tax collections have risen every year since the Great Depression? Or, the fact that property taxes have almost doubled in the last ten years, from $250 billion to almost $470 billion? Maybe everyone hates it because for many taxpayers, property taxes haven’t dropped even though values have plummeted?

There are plenty of reasons to dislike property taxes. What are your reasons?

Take a moment and let us know at advantax.com. Thanks for watching the latest edition of PropTax Minute.

Welcome to Advantax. I’m Owen Jensen with your PropTax Minute.

To appeal or not to appeal – that’s the question facing plenty of property owners right now.
With values at all-time lows and property taxes at all-time highs…474 billion dollars to be precise…you might think the number of appeals on commercial and industrial properties would be at super high levels.

But believe it or not, turns out that’s not the case at all.

Listen to this: according to PropTax Assessment, major corporations report only appealing 6% of personal assessments and 11% of real assessments! And when they did appeal, those same companies report that an average of 67 percent of the appeals were successful. Not too shabby by any means. Imagine what appealing more assessments might do for your company’s bottom line. No doubt it could mean big savings.

If you’re interested in learning more about the PropTax Assessment – visit us at advantax.com

Thanks for watching.

Welcome to Advantax. I’m Regina Waldroup with your PropTax Minute.

In the year 326 B.C., Alexander the Great was the ruler of the known world at only 30 years old. You can imagine the military genius it took to accomplish such a feat, but have you ever thought of Alexander the Great as a tax administrator?

The world at that time was burdened with heavy taxes from their governing bodies. Alexander was able to please the people he conquered by lowering their property taxes and investing half of what he collected back into public improvements. Most of the people who fell under his rule paid fewer taxes than before and enjoyed more government financed improvements.

His genius property tax policy prevented many rebellions, but also contributed to his ability to rule in peace. Who would have thought that good tax reform could be just as effective as a big sword?

Thanks for watching PropTax Minute. For more property tax news, visit advantax.com.

Welcome to Advantax. I’m Owen Jensen with your PropTax Minute.

So you just got your property tax bill and your steaming mad at how much it’s gone up. This should make you feel better. The President of the U.S., who lives in that beautiful mansion known as The White House, doesn’t a pay a dime in property taxes.
The 55,000 square foot bungalow has 132 rooms, including 16 bedrooms, 3 kitchens, 3 elevators, 28 fireplaces, 35 bathrooms, a tennis court, bowling alley and underground bunker. And just in case location is important to you, it sits on 18 acres centrally located in Washington D.C.

If you were interested in purchasing the White House it would cost you, by some estimates, about $252,000,000.

What if the White House was subject to property taxes? How much would that be? Using property tax rates for Washington D.C., which are just under 1% for residential property taxes, they would be around $2.5 million.

So the trick to not paying property taxes – run for president, and win.
Good luck. For more on the PropTax Minute, visit us at advantax.com
Thanks for watching.