Texas Property Tax Trends documents the massive growth in property tax assessments and property taxes in Texas. Property values increased 54.7% in Texas in just five years; an increase of 10.9% per year. Single family values increased by 64% during the same period, increasing the need for property owners and property tax consultants to appeal these initial “estimated values”.
Total market value reported by Texas appraisal districts in 2018 rose to $3.49 trillion from $2.25 trillion in 2013.
Just 2,222 appraisers value all the real estate in taxes for property taxes! That includes property inspections and valuation models. That works out to $1.5 billion of property valued per appraiser employed at Texas appraisal districts ($3.49 trillion / 2,222)
Counties with the largest amount of market value include:
Harris $574 billion
Dallas 292
Travis 224
Tarrant 195
Bexar 172
Despite Coronavirus, the Texas property tax deadline is May 15th.
How well do you think each appraiser can value $1.5 billion in real estate?
Protest for 2020 now. The deadline is around the corner.
Protest annually, like changing the oil in your car or the HVAC checkup.
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About the AuthorPatrick 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.