Interesting Article on Lawsuits with Different Appraisal Districts

I remember this being a huge problem when I worked at both Travis and Bexar County Appraisal Districts and it seems that things have not gotten any better.  This shows several problems with the current system:  1.  Commercial values tend to be extremely undervalued, 2.  Commercial owners have no problems paying attorneys to sue; if they win (even just a $1 reduction in value), the appraisal district has to foot the legal bill, and if they lose, they are only responsible for their own attorney fees (which is another write off anyway), 3.  We all pay for the inequity with higher taxes and less funding for services for everyone in the city.

It’s a tough position, but I have argued for a long time that residential owners get the short end of the stick repeatedly.  Call your representative today.  There is no logical reason whatsoever for there to not be mandatory sales disclosure in Texas.  Anyone with even the slightest bit of real estate knowledge (real estate agents, appraisers, lenders, people who have bought or sold property) will understand that sold comparable properties (comps) are used to help establish fair market value.  It’s not the only thing to look at, but it is a huge piece of the puzzle.