The last ten weeks have been a whirlwind of news, rumors, and a continued state of emergency due to COVID-19. Unfortunately, and to the dismay of property owners, the area of property tax has not enjoyed immunity from this unprecedented disaster. At the beginning of the pandemic, property owners held out hope that governmental relief would extend all the way to their property tax bills, but that has not happened yet. This update will briefly discuss the difficulties involved in granting property tax relief, efforts thus far, and future opportunities.
Read MoreTo avoid accidentally waiving their right to protest a property value, an owner who does not receive a Notice of Appraised Value by May 15th should file a protest on their property if they believe their values should be lower than the prior year’s assessment.
Read MoreOne week ago, the Texas Attorney General issued an opinion on Texas Tax Code § 11.35 stating that the statute does not cover purely economic damage caused by COVID-19 to properties. Since the release of that opinion, more and more appraisal districts have claimed not to take the economic impact into account for the 2020 tax year and are claiming that any economic damage caused by COVID-19 should be reflected in the 2021 property values
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