Hays County Property Tax Protest - Apartments
Residents in Hays Central Appraisal District filed property tax protests for 100% of apartments by value. There was an increase in the total value of apartments jumping from $994 M in 2014 to $2.49 B in 2021. The multifamily market value was $2.49 B in 2021, and $2.55 B was appealed. There were savings of about $30 M in taxes because of informal hearings and appraisal review board hearings. In addition, there were savings of $2 M in appellate court savings.
In comparison to 23% of residential property owners, 100% of apartment owners appeal their value. Why?
In Hays County, practically all apartment owners protested their value, compared to 23% of homeowners. With multi-unit values increasing dramatically over the past five years, O'Connor’s Property Protection Program™ can help you negotiate the best deal. We don't charge any flat fees or upfront costs, we only charge if we successfully lower your taxes.
HaysCAD Apartments Property Tax Summary
| Market ValueMultifamily / Apartments | $2,491,490,902 |
| Number Multifamily / Apartment Property Tax Protests | 526 |
| $ Value Multifamily/Apartment Protested | $2,553,592,904 |
| # Lawsuits Filed for Multifamily / Apartments on ARB Values | 24 |
| ARB Value of All Lawsuits Filed for Multifamily | $622,831,369 |
| $ Reduction Property Tax Lawsuits for Multifamily Current Year | $49,389,269 |