Not sure about this.
Less than two months after formally challenging the way the local appraisal district calculates the value of vacant commercial land, Harris County has backed down.
Commissioners Court on Tuesday OK’d the withdrawal of a petition filed in early June by the county attorney challenging the Harris County Appraisal District after the two sides reached an information-sharing agreement. The vote came a day before the petition was scheduled for a hearing in front of HCAD’s independent Appraisal Review Board.
The county’s petition was based on the preliminary findings of a study the court ordered earlier this year that concluded the appraisal district had undervalued undeveloped commercial property by more than 80 percent this year. That finding was based on a random sampling of two dozen vacant commercial lots across the county with a combined assessed value of $75.3 million. An expert consultant the county hired in January found that empty lots meant to hold apartments or retail space – making up only about 2 percent of the county tax base – were worth a combined $140.8 million, or 83 percent more than HCAD appraised.
Unlike home and business owners, who can protest appraisal values for individual properties, counties can challenge appraisal values only for entire categories of property.
On Tuesday, though, First Assistant County Attorney Robert Soard told the court that county staff had reached an agreement with HCAD and asked for permission to withdraw the challenge petition submitted to the district on June 2.
See here and here for the background. I’m not totally clear on the details here, if this is an advance for the cause of better appraisals of commercial properties or not. All that’s been agreed to is better information sharing, not that we’ll get better outcomes. There’s no quote in the story from any of the prominent critics of HCAD, and I haven’t seen any reaction from them on their sites, either. So, I’m not sure what to make of this. If you’re in a better position to judge, please leave a comment.