Parker County Appraisal District received property tax appeals for a total of 5,580 real property and BPP accounts in 2018 versus 8,280 in 2017. The volume of property tax protests in Parker County has been increasing during the last 3 years. The 2016 property tax protest count was for 3,870 commercial/industrial / other properties and 1,710 for houses (69.35% commercial vs 30.64% houses). The volume of Parker County protests for houses has rose 360.67% in the last two years while the volume of commercial has fell 0.95%. The total value of Parker County property protested in 2018 was $2.05 billion, including $405,900,000 billion for houses and $1.63 billion for commercial/other. The total property value in Parker County rose 65.16% in the last two years. The value of houses increased 423.67% and the value of commercials fell 38% during the last two years. Parker County Appraisal Review Board (ARB) conducted 316 ARB hearings while Parker County Appraisal District coordinated 1,931 hearings. The number of Parker County informal settlements for houses rose from 260 in 2016 to 600 in 2018. Informal settlements for commercial rose from 220 in 2016 to 1,330 in 2018. The property tax savings were massive, a total of $13 million for all types of property at both the informal hearings and the formal / ARB hearings (estimate based on no exemptions and 2.7% tax rate.) Informal protests were successful for 19.73% of Parker County property owners in 2018 while owners were successful for 98% of ARB appeals.

Parker County Appraisal District Property Tax Protest Summary

ParkerCAD Tax protests filed for 2018	Number of Protests
Total Number Property Tax Protests	5,577
Number Single Family Property Tax Protests	1,712
Number Multifamily / Apartment Property Tax Protests	102
Number Commercial Property Tax Protests	463
Number Business Personal Property Property Tax Protests	80
Number Industrial Real Property Property Tax Protests	17
Number Industrial Personal Property Property Tax Protests	180
Number Utility Property Tax Protests	820
Number Oil & Gas Property Tax Protests	712
Number Other Property Tax Protests	1,491

ParkerCAD Appraised Value for property tax protests 2018	Appraised Value
Total $ Value Protested	$2,046,219,316
$ Value Single Family (Homes, Condo, Townhome) Protested	$405,942,949
$ Value Multifamily/Apartment Protested	$119,796,107
$ Value Commercial Real and Personal Protested	$650,854,060
$ Value Industrial Real and Personal Protested	$57,868,454
$ Value Utilities Protested	$385,643,460
$ Value Oil & Gas Protested	$14,832,260
$ Value Other Protested	$411,282,026

ParkerCAD 2018 Number of Protest Hearings	No. of Hearings
Appraisal Review Board Protests Scheduled	5,571

ParkerCAD total number of concerns, inquiries or protests filed in 2018 resolved through informal processes	No. Informally Resolved
Informal Property Tax Protest Process	1,931
# of Houses Resolved at Informal Protest	598
Informal Property Tax Protest with Reduction	381

ParkerCAD Value reduction resolved though informal process in 2018	Value Reduction
$ Value of Houses Resolved at Informal Protest	10305978
$ Value of Other Accounts Resolved at Informal Protest	139

ParkerCAD 2018 protests that resulted in an ARB written determination	Written Determinations
# of Appraisal Review Board Property Tax ProtestHearings	316
# of Property Tax Protest Hearings for Houses (ARB)	150
# of Property Tax Protest Hearings for All Other Properties (ARB)	166
# Houses with Reduction at ARB Protest Hearing	147

ParkerCAD 2018 protests that resulted in an ARB written determination	$ Reduction
$ Reduction All Properties at ARB Protest Hearing	$446,419,881
$ Reduction Houses at ARB Protest Hearing	$5,692,635
$ Reduction All Other Properties at ARB Protest Hearing	$440,727,246

# of Binding Arbitration Cases Filed

6