Patrick O'Connor

Single Family Litigation Support

Single-family litigation support and expert witness testimony assists legal counsel and the property owner in obtaining a reasonable and just settlement. Providing an initial assessment of the strengths and weaknesses of a case provides insights into the... Read >

Insurance Valuation

Insurance Valuation Insurance Valuation can guarantee the property owner has adequate insurance and is not paying for excessive coverage. A property loss can be a devastating experience even when fully insured. Incurring a loss when inadequately insured... Read >

More Tax Deduction Means Tax Reduction

More tax deductions means tax reduction Important Commentary for Owners of Real Estate By Patrick O'Connor, MAI Depreciate Property Improvements Correctly... and Pay Less Federal Income Tax Most commercial real estate owners are paying excess f... Read >

Options for continuing appeal of your Harris County Appraisal District assessed value after the appr

Harris County Appraisal District assessed values can be appealed after the ARB hearing. For properties with an assessed value of $1,000,000 or less after the ARB hearing, you can choose binding arbitration to appeal market value or a judicial appeal (la... Read >

How to Minimize the Property Tax Assessments set by the Harris County Appraisal District

Harris County Appraisal District estimates the market value for 1.6 million parcels of real estate with a staff of about 150 appraisers. That's an average of over 10,000 parcels per appraiser per year! While they value a large number of properties annuall... Read >

Cost Segregation Myths and Facts

There are many myths surrounding cost segregation and its benefits. The truths behind those myths are discussed below, as well as some answers to very important questions. Myths: The IRS prefers one method to another There are no real standards ... Read >

Business Valuation

Business Valuation / Business Enterprise AppraisalsBusiness valuations are performed using methodology similar to the process for real estate appraisals. However in business valuation, the data sources are different. Further, there are nuances in the form... Read >

Tips to Reduce Your 2006 Income Taxes in 2007!

Income taxes are a substantial burden for business owners and real estate investors. There are few actions which can reduce your 2006 taxes after December 31, 2006. This article summarizes four options for reducing your 2006 federal income taxes durin... Read >