The Texas Commercial Appeal Deadline Is Quickly Approaching
Jeff Tuthill, Principal 972.934.0022 | jeff.tuthill@ryan.com
Property owners across Texas are receiving notices of appraised value, signaling potential increases in property values, especially for commercial and multifamily properties. This trend is particularly evident in major metropolitan areas like Austin, Dallas/Fort Worth, Houston, and San Antonio, where annual reappraisals are commonplace.
It’s essential to note that Texas operates under nondisclosure rules regarding sale prices, with assessors mandated to apply the “equal and uniform” provisions of the tax code. This legal framework opens avenues for potential appeals or litigation based on this criterion, which could lead to property values lower than published sales prices.
As the appeal deadline approaches, our subject matter experts can provide guidance on managing your property taxes and recommend proactive strategies for future reassessments.