Locke and Key Property Group

BUSINESS OWNERS AND FRIENDS!

Penny’s childcare facility is collecting items for Camp Hope (The PTSD Foundation of America).

Over the last 10 years Camp Hope has helped over 16,000 combat Veterans with help, hope, and healing from their combat-related post traumatic stress and reintegration into the civilian world. Many of these Veterans have gone on to become homeowners with our agents’ help. ❤️

Camp Hope is an in-patient facility and in URGENT need of some items. Our Veterans offer up their lives and mental health so that we can sleep at night in a free country. The least we can do is make sure they have some basic necessities when trying to heal.

If you’d like to donate, I’m picking up items this week. Please text me at (713) 380-1991 and we can arrange a date/time. Thank you!!

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***IMPORTANT INFO FOR GALVESTON COUNTY INVESTORS ***

Galveston Central Appraisal district begins treating vacation rentals as businesses

The Galveston Central Appraisal District for the first time ever is treating short-term rentals as businesses by calculating the value of furnishings and equipment under their roofs.

The appraisal district added furnishings and equipment to appraisal calculations on rentals this year because failing to do so in the past created an uneven playing field in the real estate market, Chief Appraiser Krystal McKinney said.

“Because they are income-producing properties they have to render as personal business property.

“So, that’s actually going to help out the property owners who are just living in Galveston and not renting out their homes.”

This appraisal method will help level the playing field and alleviate some of the tax burden on homeowner’s caused by the skyrocketing market values of short-term rentals, McKinney said.

Rental owners in counties that have levied the tax for years see a couple hundred dollars at most on their tax bills from the personal property tax, according to officials.

Galveston Central Appraisal district begins treating vacation rentals as businesses The appraisal district in May began mailing letters informing short-term-rental owners they’re responsible this year for paying a tax on any personal business property they use to earn income, officials