Many commercial properties have not gone up no where as much as the residential properties have. For example here is a commercial properties tax appraisal info from 2020 to now.

Property Roll Value History Back to Top
Year
Improvements
Land Market
Ag Valuation
Appraised
HS Cap Loss
Assessed
2023
$585,804
$794,759
$0
$1,380,563
$0
$1,380,563

2022
$555,241
$794,759
$0
$1,350,000
$0
$1,350,000

2021
$408,577
$794,759
$0
$1,203,336
$0
$1,203,336

2020
$408,577
$794,759
$0
$1,203,336
$0
$1,203,336

The land value has not gone up at all. The total appraised value has gone up only 14.7%. My home has gone up 57% over the same duration.

I assume because of sales tax; they're already getting it two ways but that's just my WAG.

KaneIsAble said:

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I assume because of sales tax; they're already getting it two ways but that's just my WAG.

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Sales Tax is a straight pass through on the consumer. Retail businesses are simply the collector from the consumer and remitter to the state. If they file and pay on time the business gets to keep a small amount for their burden to collect from the consumer and remit to the state.

KaneIsAble said:

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I assume because of sales tax; they're already getting it two ways but that's just my WAG.

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Commercial businesses pay sales tax on their properties or on the products they sell? I thought the consumers pay the tax on what they buy?

woodiewood1 said:

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KaneIsAble said:

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I assume because of sales tax; they're already getting it two ways but that's just my WAG.

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Commercial businesses pay sales tax on their properties or on the products they sell? I thought the consumers pay the tax on what they buy?

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Again; I have no real idea. My thought process is/was maybe they appreciate the steady sales tax revenue and don't want to risk putting a business out of business with steep property tax hikes. Again; just spitballing here because I've always wondered the same thing.

Carnwellag2 said:

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with such large increases - the county is going to go crazy with all that extra cash.

I am a firm believer that taxable value on your homestead should be capped at the first year after purchase. It should only reset after there is a sale. people budget based on mortgage, insurance, and property tax when buying a home. pricing people out of their home is ridiculous.

If the county/ city/ isd needs more tax revenue they should have to raise the tax rate and be subject to their constituents.

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They tried to raise the rates in addition to these huge valuation increases.

For seniors are values themselves capped or the amount they pay is capped?

Orlando Ayala Cant Read said:

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For seniors are values themselves capped or the amount they pay is capped?

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Amount that they pay is capped/fixed on the year they hit 65. So if the property jumps up to $100 Million after that, they will still only pay the same as the year before.

Carnwellag2 said:

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with such large increases - the county is going to go crazy with all that extra cash.

I am a firm believer that taxable value on your homestead should be capped at the first year after purchase. It should only reset after there is a sale. people budget based on mortgage, insurance, and property tax when buying a home. pricing people out of their home is ridiculous.

If the county/ city/ isd needs more tax revenue they should have to raise the tax rate and be subject to their constituents.

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This is basically what California did. They are facing some significant unintended consequences of that. People effectively trapped in a larger house than they need because while they could easily buy a smaller house with the equity in the current house, they can't afford the increased tax bill on the smaller house. California has been kicking around an idea to allow people to keep their tax bill freeze when they downsize to allow empty nesters to get out of large houses and into small ones.

It also significantly impacts the housing market as people will basically stay in the one house forever rather than "trading up"/"trading down".


Also, by Texas law, taxing entities have to face their constituents when the tax revenue increases beyond a certain %. Property values increasing can trigger that even if the rate is the same or doesn't go down enough.

The law recognizes that what people should really care about is the tax bill. Doesn't matter if it increases by increased property value or increased tax rate.

Red Pear Luke (BCS) said:

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Orlando Ayala Cant Read said:

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For seniors are values themselves capped or the amount they pay is capped?

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Amount that they pay is capped/fixed on the year they hit 65. So if the property jumps up to $100 Million after that, they will still only pay the same as the year before.

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Ty

"If the county/ city/ isd needs more tax revenue they should have to raise the tax rate and be subject to their constituents.
They tried to raise the rates in addition to these huge valuation increases."

Actually the BISD and CSISD tax rates have each decreased 16% and 14% over the last 4 years.

George Costanza said:

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"If the county/ city/ isd needs more tax revenue they should have to raise the tax rate and be subject to their constituents.
They tried to raise the rates in addition to these huge valuation increases."

Actually the BISD and CSISD tax rates have each decreased 16% and 14% over the last 4 years.

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Referring to County trying to raise rates. ISDs reduced rates because they got more state money.

deh40 said:

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George Costanza said:

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"If the county/ city/ isd needs more tax revenue they should have to raise the tax rate and be subject to their constituents.
They tried to raise the rates in addition to these huge valuation increases."

Actually the BISD and CSISD tax rates have each decreased 16% and 14% over the last 4 years.

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Referring to County trying to raise rates. ISDs reduced rates because they got more state money.

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Brazos County tax rate was 0.485 in 16, 17, and 18. Raised to 0.4975 in 2019, decreased to 0.495 in 2020.

2022 tax resolution was .429411, which is a lower rate than 2016.

State law requires taxing entities to report multiple rates when planning taxes for the next tax year.

A no new revenue rate which is the rate that would keep revenue the same to account for increases in property values. This is not the prior year rate, and with increasing property values could be considerably lower than the current rate.

Also, because state law requires voter approval to increase revenue beyond a certain %, they publish a voter approval rate. There would need to be voter approval to set the rate at or above the voter approval rate. In some cases, property values will increase enough that the voter approval rate is less than the prior year rate.

In my experience, most will set the rate below the voter approval rate but above the no new revenue rate. Inflation bites counties too, both in wage increases and costs of goods/services, so the no new revenue rate is not realistic.

Anything above the no new revenue rate is an increase in tax revenue, so even lowering the tax rate can be portrayed as increasing taxes.

"Referring to County trying to raise rates. ISDs reduced rates because they got more state money."

1. You specifically including ISDs in your initial incorrect statement.
2. This new statement is also incorrect,
3. It's ok to be opposed to the current property tax system and/or evaluations without needing to rely on incorrect assumptions.

BiochemAg97 said:

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Carnwellag2 said:

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with such large increases - the county is going to go crazy with all that extra cash.

I am a firm believer that taxable value on your homestead should be capped at the first year after purchase. It should only reset after there is a sale. people budget based on mortgage, insurance, and property tax when buying a home. pricing people out of their home is ridiculous.

If the county/ city/ isd needs more tax revenue they should have to raise the tax rate and be subject to their constituents.

---

This is basically what California did. They are facing some significant unintended consequences of that. People effectively trapped in a larger house than they need because while they could easily buy a smaller house with the equity in the current house, they can't afford the increased tax bill on the smaller house. California has been kicking around an idea to allow people to keep their tax bill freeze when they downsize to allow empty nesters to get out of large houses and into small ones.

It also significantly impacts the housing market as people will basically stay in the one house forever rather than "trading up"/"trading down".


Also, by Texas law, taxing entities have to face their constituents when the tax revenue increases beyond a certain %. Property values increasing can trigger that even if the rate is the same or doesn't go down enough.

The law recognizes that what people should really care about is the tax bill. Doesn't matter if it increases by increased property value or increased tax rate.

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I don't know how California does it, but in Texas my understanding is that the percentage of taxes the senior homeowner pays stays the same. The tax freeze for school taxes on a new homestead following such transfer is determined by calculating the percentage of school taxes that are frozen on the current homestead and applying that percentage to the school taxes of the new home. For instance, if the homeowner pays $100 in school taxes for the current homestead, but would have to pay $400 without the tax freeze, the percentage of school taxes paid is 25%. If the school taxes on the new home would normally be $800 in the first year, tax-freeze portability results in school taxes of $200 (or 25% of $800) on that home.

Anyone else still have "NA" in their valuation column?

We are an NA. They are mailing a huge batch on Friday.

dallasiteinsa02 said:

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We are an NA. They are mailing a huge batch on Friday.

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I called a few minutes ago and was told June 3rd.

ETA - I feel like the late announcements are going to be a hammering. I wish you the best and you have my sympathies (in advance)

I sent something in to appeal my taxes and still have not heard anything back. I know that some people have received a date and time and even mailed it after the deadline. Has anyone else had this problem?

tb9665 said:

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I sent something in to appeal my taxes and still have not heard anything back. I know that some people have received a date and time and even mailed it after the deadline. Has anyone else had this problem?

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I heard back from them yesterday and their settlement offer was a joke. I rejected and then heard yesterday afternoon that my ARB date is on the week of June 20th. I know another person in my neighborhood also heard and they have their ARB date this week.

Our neighborhood has gotten up to the above market. I would take a check right now for what they have our house at.

I was looking on Brazos CAD this weekend and my value is LOWER than the mailed notice generated in April. I did not protest. Anyone else notice this? It was a pretty significant change, though still above 10% so the HS cap kicked in.

I don't recall getting a "corrected" notice in the mail before this year. Anyone else? They adjusted the market value down, which reduces the exemption amount for CoCS taxes, which means I'll actually pay more in city taxes. I'm not really impressed...

We got an email yesterday with our corrected amount on our primary and a notice that our rental was still pending. We havent gotten any paper mail about it yet.

I might be getting ahead of myself a bit, but I went ahead and signed up for OwnWell in preparation of valuations going up again, as enough is never enough when it comes to taxes. Referal code is below, $20 credit for you and me.

https://www.ownwell.com/referral?owl=4803BZ7E7

woodiewood1 said:

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busdriver88 said:

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Don't own rental property in CSAT, just a personal use condo for game days, etc.....Not plugged in to the local politics either.

I keep an eye on property values, as I own my own appraisal company here in Lubbock. We are experiencing jumps also, though not at the levels I am reading on this thread. Is it possible there is some kind of agenda here, maybe the powers that be are tired of the SFR rentals to college kids? Look, I was not the greatest neighbor back in the day living in the neighborhood. Perhaps they are trying to push the tenants to more tenant friendly areas, ie apartments, etc? Just curious.

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There was a drive and comments by some former city council members that they want as much high density housing as possible in the city. Although they have nothing to do with setting appraised values, it does set a perception of what the county tax officials think they can do.

Property appraised values should be restricted to not go up more than one and a half to twice the CPI if not less.

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Not to be rude, but why would you believe they have nothing to do with the values?

VStarr2024 said:

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I might be getting ahead of myself a bit, but I went ahead and signed up for OwnWell in preparation of valuations going up again, as enough is never enough when it comes to taxes. Referal code is below, $20 credit for you and me.

https://www.ownwell.com/referral?owl=4803BZ7E7

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Bump. Looks like the appraisal letters are in the mail today.

Just signed up using your link, but I didn't see anything about $20.

Got mine today and market value is up 13% from last year in S. College Station. It's up 106.41% from 2019 appraised value.

mine only went up 4% in Woodcreek 42% total since 2019

Odd, I got notified that someone used it around the time you put it in this morning. It may not work until your property is verified, or may just show up later in the process, not sure.