Tarrant County Property Taxes – Lawsuits - 2021
Property taxes in Tarrant County were reduced by $85 M from judicial appeals alone. Judicial appeals are lawsuits that take place in the state district court. Can you believe that property tax lawsuits increased between 2014 and 2021 from 4 to 1,307? The value of the settled accounts also rose from $76 M to $27 B in the same time period, which is a whopping 35656% increase. The total amount of tax assessment reduction through these methods was $3 B in 2021; that's $1.64 B for commercial property, $1.33 B for apartments, and $20 M for homes.
Should You Consider a Judicial Appeal?You could benefit from a judicial appeal, depending on your situation. Luckily, O'Connor can handle the process every step of the way. We'll provide and pay for everything, including legal counsel, expert witness reports, and filing fees. You won't have to pay a thing unless we reduce your taxes. Enroll in the Property Tax Protection Program™ to take advantage of this opportunity. We'll coordinate the binding arbitration or judicial appeal, done at our expense.
Tarrant County Appraisal District Property Tax Lawsuit Summary
| TAD 2021 lawsuits filed regarding ARB determinations | Lawsuits |
|---|---|
| # Lawsuits Filed on ARB Values | 1,307 |
| # Lawsuits Filed for Houses on ARB Values | 101 |
| # Lawsuits Filed for Multifamily / Apartments on ARB Values | 529 |
| # Lawsuits Filed for Commercial on ARB Values | 603 |
| # Lawsuits Filed for Industrial on ARB Values | 17 |
| # Lawsuits Filed for Utility on ARB Values | 0 |
| # Lawsuits Filed for Oil & Gas on ARB Values | 0 |
| TAD 2021 property value involved in Lawsuits as determined by the ARB | certified property value |
|---|---|
| ARB Value of All Lawsuits Filed | $23,343,249,593 |
| ARB Value of All Lawsuits Filed for Single-Family / Houses | $603,349,820 |
| ARB Value of All Lawsuits Filed for Multifamily | $13,781,552,016 |
| ARB Value of All Lawsuits Filed for Commercial | $8,355,626,930 |
| ARB Value of All Lawsuits Filed for Industrial | $52,691,136 |
| ARB Value of All Lawsuits Filed for Oil & Gas | $0 |
| ARB Value of All Lawsuits Filed for All Other Types | $81,094,528 |
| TAD 2021 Appraised value invoved in lawsuits that were resolved | Appraised Value |
|---|---|
| $ Value All Accounts Settled Current Year | $27,360,937,471 |
| $ reduction All Accounts Settled Current Year | $3,157,089,994 |
| % Reduction All Accounts Settled Current Year | 12% |
| $ Reduction Property Tax Lawsuits for Houses Current Year | $20,335,992 |
| $ Reduction Property Tax Lawsuits for Multifamily Current Year | $1,330,705,390 |
| $ Reduction Property Tax Lawsuits for Commercial Current Year | $1,647,778,181 |
| $ Reduction Property Tax Lawsuits for Industrial Current Year | $14,707,046 |
| $ Reduction Property Tax Lawsuits for Utility Current Year | $9,007,385 |
| $ Reduction Property Tax Lawsuits for Oil & Gas Current Year | $0 |
| $ Reduction Property Tax Lawsuits for All others Current Year | $134,556,000 |