logo-updated-012918
Property Tax Inquiries Call 713.290.9700

Are the appraisal district commercial property values for 2021 reasonable?

The 2021 values are reasonable if you think values are higher due to COVID. But most businesses have been negatively affected by COVID. So why are appraisal districts raising values in 2021???
Owners of hotels, retail and office buildings have been seriously affected by COVID. Yet most appraisal districts have raised values for most commercial properties. Do you see the logic? I don’t.
Only one appraisal district has reduced values for hotels, and by just 10%. Other appraisal districts have left hotel values flat or increased them. One large appraisal district in the Houston metro area raised hotels by over 50%, based on the new values for all hotels in the county. Really. Not kidding.
The hotel values tell the story. Is it reasonable to leave values flat when hotel revenues have fallen 50%? I don’t think so. The excessive hotel values are an indication all commercial property values are excessive.
What can You do? Protest your property taxes in 2021. Even if you have not protested before. Whether you do it yourself, hire a competitor or hire us. Protest your home and commercial property taxes in 2021.

Blog Author

Patrick O’Connor, MAI, Owner and President
Patrick O’Connor has been active in reducing property taxes, providing expert witness testimony and appraising commercial real estate property since 1983. Pat is active in publishing analyses and data with respect to the real estate market, while being a highly regarded media spokesperson for the real estate community. He holds a MAI, the highest achievable designation from the Appraisal Institute, and is a licensed senior property tax consultant. Pat earned a Master of Business Administration from Harvard University. In 2001, he authored the first definitive consumer guide to Texas property taxes, Cut Your Texas Property Taxes.

Property Tax Protection Program™

No cost to enroll

Recents

The Residential Property Protection Program™
is powered by O’Connor
  • Enter your information below and your documents and enrollment information will be emailed to you within one business day

  • Hidden
  • Hidden
  • Hidden
  • Call 713.290.9700 to discuss with a representative.

    Please monitor your E-mail and spam filter. If you don't receive your enrollment documents within 24 business hours, call 713.290.9700 8am - 5pm CST

  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • This field is for validation purposes and should be left unchanged.

When you submit your enrollment, you understand this is a risk free offer to you. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced.

Property Tax Protection Program™

You pay nothing unless we reduce your property taxes, and then only a portion of the savings. There is no flat fee, no sign up fee and no setup fee. We protest your property taxes aggressively every year, and you only pay if and when we reduce your property taxes.

O’Connor is the largest property tax consulting firm in the U.S. Our licensed tax consultants and administrative support team benefits home and property owners by reducing property tax assessments, filing personal property renditions, reviewing tax statements, protesting over-assessed property values, and attending informal tax hearings and appraisal review board meetings.

 

We work tirelessly to protest and lower your taxes with:

  • Informal hearings
  • Appraisal Review Board (ARB) hearings
  • Coordinating judicial appeals