Smith County Appraisal District 2020 Apartments Property Tax Protest Summary
Smith County Appraisal District property tax protests totaled 7,949 in 2020, a 75.8% increase from 2019. The portion of Harris County accounts protested increased from 2.53% to 4.6% in 2018 to 2020. Smith County protests included 2,640 houses, and 5,310 commercial, industrial and other. The number of protests for houses rose 2,640 from the prior year while the volume of commercial appeals rose by 5,310(number of appeals; not the %). The value protested total $3,930,000,000, including $620,000,000 of residential. The total value of property protested in Smith County rose 5% in the last two years. The value of houses increased 48.5% and the value of commercial rose 31.4% during the last two years. There were 1,240 informal hearings and 1,000 appraisal review board (ARB) hearings. The volume of Smith County Appraisal Review Board hearings rose from 303 in 2018 to 1,000 in 2020. Property tax savings from the informal and appraisal review board hearings total $3,000,000 (estimate based on 2.7% tax rate and no exemptions).If you appeal, the odds are in your favor. In 2020, Smith County owners achieved tax reduction for 34.27% of informal hearings and 51%% of appraisal review board hearings.
SmithCAD Apartments Property Tax Summary
Market ValueMultifamily / Apartments | $847,740,055 |
Number Multifamily / Apartment Property Tax Protests | 554 |
$ Value Multifamily/Apartment Protested | $512,843,202 |
# Lawsuits Filed for Multifamily / Apartments on ARB Values | 0 |
ARB Value of All Lawsuits Filed for Multifamily | 0 |
$ Reduction Property Tax Lawsuits for Multifamily Current Year | 0 |