While most homeowners pay taxes on the real value of their property, many large commercial property owners routinely use appeals and lawsuits to avoid paying their fair share.
Texas’s flawed property tax system unfairly burdens homeowners who have to pay more when large commercial properties pay less. This also puts local services for our communities – like libraries, police, and fire departments – at risk.
El Paso has has been drained of an estimated $220 million over the past five years. Out of that, schools have been hit the hardest with a loss of $106.9 million.
So who is benefitting at our expense?
Large commercial property owners like these have been enormously successful in driving down their property tax bill.
Homeowners and local communities across Texas are shouldering an unfair burden when large commercial property owners manipulate the property tax system to drive down their property values and property tax bills.
It is time for a fair property tax system that does not burden homeowners nor deprives communities of vital public services.
It’s time for Real Values for Texas.
Opinion: Texas needs reform in commercial appraisals
Lidia Cruz El Paso Times May 10, 2014