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The Launch of Estes & Banks Tax Advisory: A New Hope for Texas Property Owners

In a significant development for commercial property owners in Texas, Estes & Banks Tax Advisory has officially opened its doors, marking a new era in property tax consulting. Founded by leading professionals in the field, the firm aims to provide tailored advisory services specifically for the complex landscape of Texas property tax.

Why This Matters for Texas Owners

One of the key missions of this new firm is to ensure that Texas property owners never pay taxes on a value higher than what their property actually holds. The firm underscores an essential point: navigating the intricate web of property tax laws should not be a burden on property owners. Rather, they should have a dedicated resource to guide them through the minefield of Texas property tax regulations and practices.

Unlike other consulting firms that may treat Texas as just one market among many, Estes & Banks Tax Advisory focuses solely on the state's unique property tax statutes. Texas is home to 253 appraisal districts, each with its own set of appraisers and expectations. This localized focus allows the firm to deliver expert advice that is finely tuned to the needs of its clients, contrasting sharply with national firms that cannot offer such tailored expertise.

Expertise That Instills Confidence

Josh Estes, a founding partner of the firm, emphasizes the local nature of Texas property tax. “What determines property value in one county is not applicable in another,” he notes. This intricate understanding of local markets positions Estes & Banks Tax Advisory as a vital partner for Texas property owners, offering support year-round.

Both Josh Estes and his partner Spencer Banks come with extensive experience in managing Texas commercial and industrial property tax issues, having collectively overseen value reductions totaling over $10 billion throughout their careers. Their shared journey at the affiliated law firm, Estes & Banks, P.C., has given them significant insights that they will now bring to this new venture.

Comprehensive Services for Commercial Owners

Estes & Banks Tax Advisory provides a full suite of services to its clients, covering the annual property tax cycle comprehensively. This includes:

• - Valuation Review: Evaluating the assessed value of properties to ensure accuracy.
• - Rendition Support: Assisting in preparing the necessary documents for declaring property value.
• - Protest Filing: Helping clients file formal protests against unjust taxation.
• - Negotiation: Engaging with appraisal district staff to negotiate the best outcomes for clients.
• - Representation: Advocating for commercial property owners at Appraisal Review Board (ARB) hearings across various property types such as multifamily units, industrial zones, office spaces, and more.

One of the firm’s unique selling propositions is their contingent fee structure, where clients only pay when the firm successfully reduces their property’s assessed value. This approach aligns the firm’s incentives with those of the property owners, fostering a collaborative environment aimed at achieving the best possible outcomes.

Independence and Legal Distinction

It’s important to note that while sharing founding partners, Estes & Banks Tax Advisory operates independently from Estes & Banks, P.C. The advisory firm does not engage in legal practice or provide legal advice, focusing exclusively on property tax issues. Should any matter escalate beyond the Appraisal Review Board to court appeal or arbitration, the legal needs will be handled by Estes & Banks, P.C., or a lawyer chosen by the owner.

About Estes & Banks Tax Advisory

Located in Dallas, Estes & Banks Tax Advisory is dedicated solely to the real estate landscape of Texas. By specializing in property tax consulting, the firm seeks to represent owners effectively in valuation and protest matters before appraisal districts, always on a contingent fee basis. This focus not only differentiates them from their competitors but also positions them as a go-to resource for Texas property owners looking to navigate the complexities of property taxation.

In conclusion, the establishment of Estes & Banks Tax Advisory represents a vital resource for Texas commercial property owners who need reliable support in managing their property taxes. As the firm moves forward, its commitment to fairness, precision, and dedicated service is sure to make a significant impact on the Texas property landscape.