NOTICE: We invite young Democrats (under 30) to a free year of membership. The rest of us pay only $20 a year to help with meeting expenses.
While we have your attention, consider this:
- Commercial appraised values are more frequently lowered than are residential appraised values, which have the effect of shifting more of the tax burden to home owners.
- Commercial property owners are often successful in receiving dramatic value reductions through appeals to the Appraisal Review Board or District Court.
- Texas is one of less than a dozen states that does not have mandatory sales-price disclosure for real property. The lack of disclosure of actual sale prices of commercial property makes determining value as part of the appraisal process difficult and fairly inaccurate at best.
- Since 1997, hundreds of commercial property owners statewide have filed “equity appraisal” lawsuits, which allow courts to reduce appraised values to the median of comparable properties.
- Appraisal districts (county & city) are required to bear the burden of the legal costs associated with appeals if the commercial property owners are successful in their appeals. These entities simply do not have the financial resources to go to court, settlements are generally large and in favor of the commercial property owner.
Where does this leave the rest of us?
Consider contacting your legislators asking for some Property Tax Relief
Consider supporting Senator Kirk Watson’s Senate Bill 278.