With slashed revenues and the perception that property values are getting higher, local governments are looking to squeeze whatever they can out of every property in their jurisdiction.
But, 2020 wasn’t just tough on local government, it was also extremely difficult for multi-family property owners. These owners were tasked with keeping communities afloat while rental revenues were cut, stalled, or severely slowed.
During this year, you helped carry many of the families who rely on your properties for quality housing. You cannot also be expected to carry the county governments. You have always paid your fair share of property taxes. Now you need someone to stand beside you and hold firm against excess valuations.
Just because single-family home property values have jumped does not mean that the people you serve can pay higher rents. Your rental revenues remain limited while the tax assessments are demanding you pay more.
You don’t have the time or the energy to fight this on your own, and your current tax agent does not have the bandwidth or specific expertise to get you the reductions you need. The laws of the great state of Texas are pro-taxpayer. You have rights, and if you align with the right team that has Texas-specific experience and expertise, you can cut your valuations significantly.