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Posts Tagged ‘HCAD’

Exxon Mobil fighting its tax bill

Of course they are. Exxon Mobil is fighting the Harris County Appraisal District over the $1.04 billion value placed on its sprawling new office complex in Spring, just south of The Woodlands. The oil giant, which has been guarded about the campus project, would not provide its own estimation of the property’s value. But its […]

Harris County settles with HCAD

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 […]

County to challenge vacant lot appraisals

It’s a start. Harris County is challenging the local appraisal district’s valuation of vacant commercial land after a study it commissioned concluded the agency had undervalued those properties by more than 80 percent this year. The finding was based on a random sampling of two dozen vacant commercial properties across the county with a collectively […]

Some grassroots action on the unfairness of commercial property valuation

From the inbox: Parents, homeowners, teachers, and community members from Houston gathered at the park in front of Nathaniel Q Henderson Elementary School to kick off local efforts in a statewide campaign called Real Values for Texas to fix the state’s broken property tax system. “Our broken property tax system works against kids, homeowners, and […]

Another story on the huge inequities of our property tax system

The Houston Press returns to an old favorite. “I’ve been sued every year by [JW Marriott],” says Michael Amezquita, the fiery chief appraiser of the Bexar County Appraisal District, which is currently ­facing $10.3 billion in appraisal-reduction litigation compared to the annual $4 billion to $5 billion average. In the 2011 tax year, BCAD’s ten […]

Harris County threatens to sue Harris County Appraisal District

That headline may sound dry, but this is a big deal. Worried about the erosion of the tax base, county officials said Wednesday that they may consider suing the Harris County Appraisal District over concerns it is undervaluing certain business properties at the expense of homeowners. Officials said HCAD’s Appraisal Review Board in recent years […]

On HCAD and rigging the system

This Houston Press cover story on the Harris County Appraisal District is provocative, to say the least. A months-long investigation by the Houston Press finds that Brookfield isn’t the only mega-dollar company that’s sitting pretty with a momentous tax break. According to a June 2012 Service Employees International Union report, corporate giants such as Chevron, […]

It’s going to be a good year for the tax assessor

That should make it a good year for the entities that depend on property tax revenues, as Loren Steffy notes. When Williams Tower sold for $412 million recently, the new owners may have expected a break on property taxes. After all, the iconic west Houston skyscraper was valued on the tax rolls at the time […]

Once again with sales price discolsure

Loren Steffy returns to a familiar topic. By some estimates, Williams Tower could sell for as much as $475 million. When it comes to paying the taxes, though, the 64-story tower will be worth less than half that much. That’s because the building’s current owner, the Hines Real Estate Investment Trust, waged a successful battle […]

Better budget news

For the city. The city of Houston may have $21 million more in income in the coming fiscal year than it had planned on before Wednesday. That’s when it got the news that the Harris County Appraisal District projects that taxable values in the city — and by extension, the amount of taxes it collects […]

Property tax revenues still a year away

Getting better, but not quite there yet. Local governments should not expect an influx of property taxes to solve their budget woes this year, Harris County Appraisal District officials said Tuesday. Assistant Chief Appraiser Guy Griscom estimated the countywide tax base, based on a Jan. 1 snapshot that will be finalized this summer, will see […]

Another item for the city’s legislative wish list

Loren Steffy brings up a familiar issue that has added salience now as the city tries to deal with its long term finances. Across the city, prime office buildings are selling for far more than their tax values, leaving billions in potential tax revenue on the table at a time when city and county budgets […]

Harris County property appraisals dip a little

This is what counts as good news these days. The appraised value of property countywide has declined slightly, according to numbers released Thursday, but not nearly on the scale of last year’s 3 percent plunge that translated into tens of millions of dollars in budget cuts at the area’s largest local government agencies. The Harris […]

Property values decline again

Oddly, this is good budget news in the “we were expecting it to be worse” category. Local governments and school districts this year will suffer a second-straight year of sliding property tax revenues — their main source of revenue — according to data released on Thursday by the Harris County Appraisal District. Harris County will […]

Effect of exempting schools and churches on drainage fee would be small

As we know, the drainage fee that will be collected to fund street and sewage repairs through the project formerly known as Renew Houston is intended to apply to all property that isn’t specifically exempted by state law, such as state buildings and public universities. Various entities like churches and schools and Harris County have […]

Property tax values drop

This budget news is really really bad. Thirty percent of Harris County homes declined in market value this year, as the area’s overall tax base dropped for the first time in at least two decades, officials announced Thursday. The reduced tax revenue will likely require substantial budget cuts for the 600 taxing entities in the […]

HCAD rules for Hoang in homestead dispute

On Christmas Eve, the Chron reported that Council Member-Elect Al Hoang and his wife had claimed homestead exemptions on two separate houses, one in Houston and one in Pearland. Now the Harris County Appraisal District has verified Hoang’s explanation about the exemptions, saying that it was properly carried over from the previous owner. Hoang had […]