INTERIM. Commercial Property Appraisal Fights. Impact to Texas Tax Payers.
- Taxpayers pay for the legal fees of the appraisal districts defending its commercial appraisals.
- Taxpayers cover the revenue hit to the taxing jurisdictions when lower commercial appraisals reduce revenue.
- Sen. Kelly Hancock “speculated that Texas counties punish homeowners with inflated appraisals to offset “lost” commercial tax revenue.”
- What does this look like in big Texas counties?
- Austin
- 413 lawsuits
- $11.3 billion in values are being contested
- Travis County Appraisal District boosted its legal budget by 20% to cover challenges
- San Antonio
- $19.4 billion in appraisal disputes in the last year
- Texas wide
- 4,000 appraisal challenges in the last year
- reducing taxable values on average 7.5%
Watchdog.org | Commercial lawsuits blow back on Texas taxpayers