Commercial Real Estate Tax

  Property tax assessments for homes were increased by 8.2% for the tax year 2021, based on a review of 105,861 homes valued by the Bexar Appraisal District. Homes valued between $300k to $500k had the largest increases, average 8.6% higher than 2020. Review of 105,861 homes valued at $300,000 or indicates an increase in assessed value of $44.68 billion, up 9.2% from $48.47 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $1322.3 million, based on a 2.7% tax rate before considering homestead exemptions. Bexar has 3,322 homes valued at $1 million or higher. They are valued at $4.8 billion in 2021, up from $4.4 billion in 2020.  Values were increased for 2,586 homes, reduced for 572 homes, and remained flat for 164 homes. Homes valued at $300,000 to 500,000 increased from $27.19 billion in 2020 to $29.87 billion in 2021, an 9.8% increase. Of the 80,824 in this price range, values were increased for 75,806, reduced for 4,705, and remained flat for

  Most property owners believe appraisal districts should cut taxable values in 2021. 93% of Texas property owners surveyed by O’Connor thought appraisal districts should reduce values in 2021 due to the impact of COVID. Williamson Appraisal District raised the overall taxable value of commercial properties by  17.7 %, for the 19,906 commercial properties with 2021 values available. The 2021 increase in Williamson Appraisal District taxable values is summarized below: Office                     14.9% Land                      29.3% Retail                     30.4% Warehouse           24.7% Taxable values were increased for 658 of 686 office buildings.  The total assessed value increased to $3.289 billion in 2021 from $2.814 billion in 2020. The increases are surprising considering the impact of COVID on office occupancy. Land values soared 29.3%. The taxable value of vacant land rose from $1.013 billion last year to $1.457 billion in 2021.  More than 87.4% of landowners saw higher taxa

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  Most property owners believe appraisal districts should cut taxable values in 2021. 93% of Texas property owners surveyed by O’Connor thought appraisal districts should reduce values in 2021 due to the impact of COVID. Travis Appraisal District raised the overall taxable value of commercial properties by 8.51%, for the 33,231 commercial properties with 2021 values available. The 2021 increase in Travis Appraisal District taxable values is summarized below: Office                   7.72% Land                    0.72% Warehouse         10.9% Apartment         12.73% Hotel                   1.83% Taxable values were increased for 2,320 of 2,908 office buildings.  The total assessed value increased to $35.527 billion in 2021 from $32.536 billion in 2020.  The increases are surprising considering the impact of COVID on office occupancy. Land values soared 0.72%.  The taxable value of vacant land rose from $2.691 billion last year to $2.718 billion in 2021.  More than 27.4% of landowners s

  Property tax assessments for homes were increased by 16.5% for the tax year 2021, based on a review of 11,690 homes valued by the El Paso Appraisal District. Homes valued at $1 million or higher had the largest increases, average 21% higher than 2020. Review of 11,690 homes valued at $300,000 or indicates an increase in assessed value of $4.07 billion, up 10.9% from 4.52 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $129.2 million, based on a 2.7% tax rate before considering homestead exemptions. El Paso has 157 homes valued at $1 million or higher.  They are valued at $0.21 billion in 2021, up from $0.19 billion in 2020.  Values were increased for 140 homes, reduced for 16 homes, and remained flat for 1 home. Homes valued at $300,000 to 500,000 increased from 3.00 billion in 2020 to 3.34 billion in 2021, an 11.1% increase. Of the 9,928 in this price range, values were increased for 8,604, reduced for 1,323, and remained flat for 1. Luxury

  Home address: 7202 Wetzel Dr 2021 Taxable Value: $ 293,120 Recent Sales Price: $ 152,500 – Over-taxed by 92% While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. You can reduce your property taxes with an unequal appraisal appeal. Property tax appeals are often won with a smile and a bit of data. Some homeowners do not appeal property taxes because they are not aware of this right.  You can and should protest both market value and unequal appraisal annually. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.

  Home address: 1737 Yale St 2021 Taxable Value: $ 94,416 Recent Sales Price: $ 50,000 – Over-taxed by 89% While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. You can reduce your property taxes with an unequal appraisal appeal. Property tax appeals are often won with a smile and a bit of data. Some homeowners do not appeal property taxes because they are not aware of this right.  You can and should protest both market value and unequal appraisal annually. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.

  Home address: 112 Primrose 2021 Taxable Value: $ 99,830 Recent Sales Price: $ 55,000 – Over-taxed by 82% While most Texas home owners pay extra property taxes, there are several simple steps you can take to limit your tax bill. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. You can reduce your property taxes with an unequal appraisal appeal. Property tax appeals are often won with a smile and a bit of data. Some homeowners do not appeal property taxes because they are not aware of this right.  You can and should protest both market value and unequal appraisal annually. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.