Commercial Real Estate Tax

  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. Wise Appraisal District raised the overall taxable value of commercial properties by 10.2%, for the 8,143 commercial properties with 2021 values available. The 2021 increase in Wise Appraisal District taxable values is summarized below: Office             1.47% Land               6.30% Apartment     47% Taxable values were increased for 6 of 12 office buildings. The total assessed value increased to $0.0014 billion in 2021 from $0.0013 billion in 2020. The increases are surprising considering the impact of COVID on office occupancy. Land values soared 6.30%. The taxable value of vacant land rose fr...

  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...

  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 billi...

  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. Brazoria Appraisal District raised the overall taxable value of commercial properties by 1.8%, for the 9,893 commercial properties with 2021 values available. The 2021 increase in Brazoria Appraisal District taxable values is summarized below: Office                   7.65% Retail                   2.04% Warehouse         4.24% Apartment          14.85% Taxable values were increased for 353 of 581 office buildings.  The total assessed value increased to $0.56 billion in 2021 from $0.51 billion in 2020.  The increases are surprising considering the i...

  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. Harris Appraisal District raised the overall taxable value of commercial properties by 7.6%, for the 76,819 commercial properties with 2021 values available. The 2021 increase in Harris Appraisal District taxable values in summarized below: Office                    6.57% Land                      13.07% Retail                     5.4% Warehouse           11.45% Apartment            7.11% Taxable values were increase...