Up, Up and Away! Apparently, the Sky’s the Limit for Staggering Property Valuations

By now it’s no secret that HCAD has raised property valuations city-wide. In lieu of raising taxes, our elected officials have once again chosen to raise property values. We’ve heard some commercial properties have been noticed with a whopping 70% valuation increase.  

This year, we expect that more properties will force hearings and that lawsuits will be filed purely because the cost/benefit analysis of litigation will be a much easier choice for owners to make.  We’re hearing that with noticed values skyrocketing, owners will need to achieve only a nominal percentage savings on value to break even on the legal effort and the upside return on that investment will be just too high to pass up. #tb