• Austin
    Austin
    No Comments on Austin

    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.

    Over the last five years, homeowners have carried the burden of approximately $759.7 million more in property taxes because of Austin’s  largest commercial property owners’ manipulation of the property tax system. When large commercial property owners shirk their responsibility, ordinary homeowners pay more property taxes to make up the difference. It leads to frustration among homeowners and erodes support for our schools and other public services

    So who is benefiting at our expense?

    Large commercial property owners like these have been enormously successful in driving down their property tax bill.

    • The Burleson Business Park was acquired in 2012 for $26.1 million.[1] In 2013, it was appraised for $12.7 million, just 49% of the purchase price.
    • The Renaissance-Arboretum hotel was acquired in March 2012 for $103 million.[2] In 2013, it was appraised for $64.8 million, just 63% of the purchase price.
    • The Raceway Crossing Industrial Center was acquired in October 2012 for $18.68 million.[3] In 2013, it was appraised for $10.6 million, just 57% of the purchase price.
    • The Courtyard-Austin hotel was acquired in November 2010 for $20 million.[4] The final 2011 appraisal was only $8.9 million, less than half (44%) of the purchase price.

    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.

    RECENT PRESS

     

     

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  • San Antonio
    San Antonio
    No Comments on San Antonio

    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.

    Over the last five years, homeowners have carried the burden of approximately $750 million more in property taxes because of San Antonio’s largest commercial property owners’ manipulation of the property tax system. When large commercial property owners shirk their responsibility, ordinary homeowners pay more property taxes to make up the difference. It leads to frustration among homeowners and erodes support for our schools and other public services

    So who is benefiting at our expense?

    Large commercial property owners like these have been enormously successful in driving down their property tax bill.

    SanAntonio-hilton
    SanAntonio-marriott

    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.

    RECENT PRESS

    *According to the San Antonio Express

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  • Houston
    Houston
    No Comments on Houston

    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.

    Over the last five years, homeowners have carried the burden of approximately $1.4 billion more in property taxes because of Houston’s  largest commercial property owners’ manipulation of the property tax system. When large commercial property owners shirk their responsibility, ordinary homeowners pay more property taxes to make up the difference. It leads to frustration among homeowners and erodes support for our schools and other public services

    So who is benefiting at our expense?

    Large commercial property owners like these have been enormously successful in driving down their property tax bill.

     

    WellsFargo-SampleDesign-4
    BofA-SampleDesign-4b

    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.

    RECENT PRESS

    *Reported in Real Estate Alert

    **Reported in the Houston Chronicle

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  • El Paso
    El Paso
    1 Comment on El Paso

    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.

    Over the last five years, homeowners have carried the burden of approximately $220 million more in property taxes because of El Paso’s largest commercial property owners’ manipulation of the property tax system. When large commercial property owners shirk their responsibility, ordinary homeowners pay more property taxes to make up the difference. It leads to frustration among homeowners and erodes support for our schools and other public services

    So who is benefiting at our expense?

    Large commercial property owners like these have been enormously successful in driving down their property tax bill.

    WellsFargo-ElPaso

    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.

    RECENT PRESS

    Read more
  • Dallas
    Dallas
    No Comments on Dallas

    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.

    Over the last five years, homeowners have carried the burden of approximately $1.3 billion more in property taxes because of Dallas’s  largest commercial property owners’ manipulation of the property tax system. When large commercial property owners shirk their responsibility, ordinary homeowners pay more property taxes to make up the difference. It leads to frustration among homeowners and erodes support for our schools and other public services

    So who is benefiting at our expense?

    Large commercial property owners like these have been enormously successful in driving down their property tax bill.

     

    JP Morgan Dallas, Texas
    McArthurBlvd-dallas

    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.

    RECENT PRESS

    Read more

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