TX Comptroller. Budget Hit By Dark Stores.

Comptroller Hegar says the cost to Texas should dark store appraisals be upheld is $100s of millions in lost property tax revenue.

3 reasons why it would cost the state 100s of millions in lost property tax revenue:

• lower property tax values will reduce property revenue impacting spending on fire and police, schools, parks, libraries, utilities, community colleges and road maintenance
• to sustain revenue levels, the burden would be shifted to home owners
• Appraisal Districts maintain that the current highest and best use of comparables necessitates open stores, not dark stores

Fiscal Notes | February 2017 | “Dark Store Theory” and Property Taxation