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Posts Tagged ‘sales price disclosure’

Compromise property tax appraisal bill signed

It’s better than nothing, though not by that much. Gov. Greg Abbott has signed a bill that partially closes a loophole that allowed a powerful oil company to take back millions in tax dollars from Houston-area school districts while draining hundreds of millions more from local government coffers. The measure that won final approval, HB […]

How the appraisal game is rigged

The Observer tells the tale of how we got to where we are with the appraisal process and how easy it is for the big boys to get their taxes drastically reduced. At the heart of Valero’s lawsuits in Moore County was a complicated question: What is a refinery worth? For that matter, what is […]

Collier hits the road

Talking taxes, and our state’s screwed-up appraisal process. With about as many local candidates as voters in attendance, the Travis County Democratic Party hosted a “town hall” on property tax reform Friday morning, where everybody agreed with would-be County Commissioner (Precinct 2) Brigid Shea: “The appraisal process is broken.” To fix it – in the […]

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, […]

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 […]

Property values declining

I have three things to say about this. The housing slump that has battered much of the country for two years finally has trickled down to Harris County, where residential property values have declined or stagnated for the first time since the oil bust of the 1980s, the county’s top appraiser said Friday. Nearly half […]