Patrick O Connor

Patrick O Connor

Patrick C. O'Connor has been president of O'Connor & Associates since 1983 and is a recipient of the prestigious MAI designation from the Appraisal Institute. He is also an registered senior property tax consultant in the state of Texas and has written numerous articles in state and national publications on reducing property taxes. He continues to set the standard in direction and quality of our appraisal products, adding services ranging from business valuations and business appraisals to cost segregation analysis for income tax reduction.

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Patrick O Connor Free Articles

Wow - Which are the Most Over-Assessed Houses in Zip Code 77571?

Appraisal districts use a process called mass appraisal to value hundreds of thousands of houses. In Harris County, they value about 1.2 million houses each year, using a very limited staff.

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How does HCAD Over-Assess 25 Houses in Zip Code 77389?

Appraisal districts use a process called mass appraisal to value hundreds of thousands of houses. In Harris County, they value about 1.2 million houses each year, using a very limited staff.

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Taxing Error - Can you believe there are 35 Houses in Zip Code 77018?

Appraisal districts use a process called mass appraisal to value hundreds of thousands of houses. In Harris County, they value about 1.2 million houses each year, using a very limited staff

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Mass Appraisal Means Massive Errors - Which are the Most Over-Taxed Houses in Zip Code 77562

Appraisal districts use a process called mass appraisal to value hundreds of thousands of houses. In Harris County, they value about 1.2 million houses each year, using a very limited staff.

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History of Cost Segregation

Cost segregation evolved as the result of multiple court cases and IRS rulings.

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Commercial Real Estate Appraisal sales comparison approach

The sales comparison approach is the most intuitive and best understood of the three approaches to value. Home buyers, companies renting office space and real estate investors all utilize this approach. Comparable sales are often referred to as comps and rental comparables are often referred to as rent comps.

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Cost Segregation Analysis - Tax Reductions and the IRS Position on Cost Segregation

Tax reductions and tax deductions are a common benefit of cost segregation. When real estate investors and tax practitioners learn about the income tax deductions and tax reductions resulting from cost segregation they are sometimes skeptical; they are concerned it is a tax shelter or tax scheme. This simply is not true. Cost Segregation provides a legitimate tax reduction.

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Commercial Appraisal Texas - Real Estate Feasibility Studies

Feasibility studies are a combination of a market study and financial analysis used to determine if it is financially feasible to develop a proposed property. They are also performed to evaluate the feasibility of renovating or upgrading an existing property.

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Cost Segregation Texas - Business Tax Deductions

Tax Rule No.1: Don’t cheat the IRS. But that doesn’t mean you should cheat yourself. Take every legal tax deduction you can. In addition to the numerous tax deductions the Internal Revenue Service allows, research indicates that most U.S. taxpayers do not claim all deductions to which they are entitled.

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Commercial Appraisal Texas - Commercial Real Estate Appraisal Cost Approach

Historically, most commercial real estate appraisals included the cost approach. For the cost approach to be employed the principle of substitution proves to be the technical basis.

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Cost Segregation - Tax Deductions (Business Taxes)

Business taxes is totaled from the total revenue by reducing it with as many tax deductions as possible and to pay taxes on the remaining amount.

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Apartment Search Tips - Selecting a Location for Your Apartment

Searching an apartment is similar to dumping thousands of apartment complexes into a funnel and searching for one from the lot.

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Leasing Office Space – Part 13 of 23 Due Diligence

Online resources are really helpful in providing information regarding criminal activity near the office space under consideration. But the most current and contextual information can be obtained from the local tenants and police officers.

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Tax Deduction Texas - Property Tax Myth

Protesting property taxes is in fact a profitable activity for home owners that may give average tax savings of up to $450. Most home owners do not appeal due to the uncertainty about the how the appeal process works.

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Leasing Office Space – Part 7 of 23 (Budgeting and Layout)

The article provides insight into into the budgeting and layout considerations to be addressed before deciding upon office space leasing.

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