Tarrant Appraisal Districts Raises Commercial Values 6% In 2021
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. Tarrant Appraisal District raised the overall taxable value of commercial properties by 6%, for the 17,104 commercial properties with 2021 values available. Values are not available for most hotels and apartments. The 2021 increase in Tarrant Appraisal District taxable values in summarized below: Office 3.0% Land 14.5 Retail 7.3 Warehouse 8.9 Taxable values were increased for 847 of 3,631 office buildings. The total assessed value increased to $6.349 billion in 2021 from $6.156 billion in 2020. The increases a...