Victoria County Property Tax Protest - Apartments
Victoria County apartment owners filed property tax protests for 84% of all Victoria County apartments by value. The total value of apartments in Victoria County rose from $243 million in 2014 to $298 million in 2021. Victoria CAD reported a total of $298 MM for multifamily market value and $249 MM protested in 2021. Victoria County property tax savings for all types of property were about $3 million in 2021, including both the informal and appraisal review board hearings (ARB). However, this does not include judicial appeals. Victoria County property owners saved another $1 million from judicial appeals.
Why Do 84% Apartment Owners versus 9% Home Owners Appeal?Apartment owners have seen the value of their properties increased by 22% in the last five years. Apartments owner protest 84% of apartment value. Houses are 9% of tax roll and only a quarter protest. Is that equitable? Even the odds with professional representation by O'Connor. No flat fee. No upfront costs. No market cut fees. No fees ever unless we reduce your property taxes that year. Enroll in the Property Tax Protection Program and we will review the appraisal districts initial value and evidence to refute it and reduce it in about 45 to 75% of protests.
VictoriaCAD Apartments Property Tax Summary
Market ValueMultifamily / Apartments | $298,130,734 |
Number Multifamily / Apartment Property Tax Protests | 162 |
$ Value Multifamily/Apartment Protested | $249,763,027 |
# Lawsuits Filed for Multifamily / Apartments on ARB Values | 5 |
ARB Value of All Lawsuits Filed for Multifamily | $53,167,050 |
$ Reduction Property Tax Lawsuits for Multifamily Current Year | $0 |