Maroonedinaustin said:

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Interesting to see if other counties follow suit. This could be catastrophic for education.

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Texas will become full disclosure if this gains traction.

Yeah, this is BS. There is no way there are enough people volunteering their sales price data to give the CAD's a reliable metric.

Quote:

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"TCAD obtains sales price data that homeowners provide willingly. TCAD can create statistically sound models for the bulk appraisal of residential property using the rendered data they collect. ...

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I'm not weeping for the taxing authorities because it feels like property tax bills are going up a lot faster than people's incomes. At some point, they need to learn to control their damn spending.

These ridiculously expensive Leed Certified Middle Schools aren't going to build themselves.
{Rolls eyes}

Thanks to Paul Bettencourt and R's in the Texas senate we will be getting some tax relief this year. Tax revenue growth for existing improved property within the tax base will be capped at 3.5%. New tax rate growth caps will be in effect as well. I think you'll ultimately see rates come down, even if assessed values continue to rise. This doesn't mean an individual property won't have a huge tax jump, just that the overall market is now capped.

ABOR owns their MLS and allows access at their discretion. Nothing TCAD can do about it.

I can understand the concern of not having market data, but the fact is we are a non-disclosure state and its unethical to let counties have access to the information. It kind of defeats the whole point of non-disclosure.

How about, if you can't find data to support an increase in valuation, then the assessed value stays put.

Shooter McGavin said:

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If the high value properties were assessed and taxed at their true value, there would not be as much pressure on the $100-600k properties.

I appraise lots of high value homes. They are at 70-80% of value while my house is near 100%

Total BS

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Those high value homes are paying $30-40,0000 dollars per year and more. It's absolutely ridiculous. How in the world is that an equitable distribution of taxation?

texas commercial needs to be full disclosure.

aggiejumper said:

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Why do you say commercial needs disclosure? Why do we need any disclosure in the first place? The appraisal districts seem to be doing just fine and the counties seem to be collecting enough to support themselves.

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Taxing Residential has been easy pickings compared to getting information/compliance out of commercial buildings. Businesses have higher tax bills, more money to spend on lawyers and comps, and have to be settled in front of a tax judge, not your kangaroo court hearing.

So residential buildings have been hammered because they don't have the ability to fight nearly as much as businesses. Commercial definitely underpays compared to residential. It's also harder to tease out the value of the land compared to the value of the business. So get a rate that doesn't make commercial squeal too much and soak the residents.

There's a newer trend in commercial appraisal for big box retailers in strip centers to say their current real estate value is literally the land value minus the demolishing costs. They quote recession era data that shows how hard it was to sell the land once retailers pulled out (remember, you have to evaluate the land cost not the businesses value). Court cases have generally backed up the practice. I think it's called 'dark appraisal or dark listing price.'

I know for a fact hospitals do this. They claim a hospital is useless after 30 years. Everything has been fully depreciated and the building's technology is functionally obsolete. What can you turn an old hospital into? Nothing. It's torn down.

So in general, all of these big businesses have tons of fire power to tell a county's appraisal district to 'pound sand, I'll see you in court.' While residents do not. So yeah our rates go up 10% and were told to like it.