The second quarter of 2013 is quickly approaching which means one thing for commercial property owners—property tax appeals loom ahead. As we approach peak tax season, many owners may be asking themselves how aggressive appraisal districts will be when setting 2013 property values.
It is in an owner’s best interest to determine an effective way to “predict” what values lay ahead. It’s important to look at the market versus assessed values for 2012. If the market value increased in 2012, but the assessed value lagged behind, the appraisal districts might play “catch up” when it comes to 2013 values.
For the benefit of commercial property owners in Texas, we have analyzed three major markets – Dallas, Houston and Austin—comparing 2012 numbers to help give owners a better idea of what to expect in 2013.
Read more...2013 Commercial Property Tax Trends in Texas - Commentary Article - GlobeSt.com