Texas Property Tax News

DFW Apartment Bubble Deflated In 2023 As Onslaught Of New Units Pushed Supply Ahead Of DemandBisNowIt was a year of reckoning for the local apartment industry. After notching a series of wins in the wake of the pandemic, occupancy in Dallas-Fort Worth declined each month in 2023, causing rent gro...

Local Appraisal District Acknowledges Data VulnerabilityDallas Express“Significant vulnerabilities” were discovered in the Tarrant Appraisal District's computer network after a third-party information technology company reassessed the system over the last month. In a press release, Tarrant Apprai...

Social media posts prompt TAD response on board election, IT investigationKERA NewsNew board members, an IT security breach and chief appraiser interviews are some of the topics related to the embattled Tarrant Appraisal District that have been discussed on social media in the past few days. Judg...

Beleaguered Houston REIT Sells Another Dallas Office Building Amid Bankruptcy ProceedingsBisNowA Dallas-based investor will pay $12.5M for Westway One at 1707 Market Place Blvd. in Irving. The 170K SF building was most recently valued at $20.6M. “I believe that the debtor is unlikely to receive a...

76-year-old Celina man driving truck to pay sky-high property taxwfaa.comA 76-year-old Army veteran and former Dallas firefighter has unretired and is now driving a rock truck twice a week in Collin County to pay off a skyrocketing property tax bill for a meager piece of land in Celina that is to...

Brazos County Tax Assessor-Collector Kristy Roe Announces Not Running For Re-electionwtawBrazos County tax assessor-collector Kristy Roe announces she is not seeking re-election to a fifth term. Roe's 38-year career also included serving four terms as the tax assessor-collector in Coke County, wh...

Wendy Burgess files for reelection as tax assessor-collectorFort Worth Report Wendy Burgess has filed for reelection as the Tarrant County tax assessor-collector. Burgess, a Republican, has served as the tax assessor-collector since 2019. The tax assessor-collector is responsible for calculating ...

Not seeing property tax relief despite Texas' historic tax cut? Here's whyKEYESome Texans are still not seeing property tax relief, despite Governor Greg Abbott signing a historic $18 billion property tax cut bill that voters approved earlier this month. Don Zimmerman with the Travis County Taxpa...

Texas cities grapple with abundance of empty office spaceThe Texas TribuneThe Austin, Dallas-Fort Worth and Houston areas have office vacancy rates that range from 21% to 25%, vacancies that could complicate the post-pandemic recoveries of downtown areas, which depend on office workers to support...

Beleaguered Hotel REIT Once Again In Hot Water After Lenders Sue To Regain Control Of PropertiesBisNowA Dallas-based real estate investment trust saddled with $150M worth of loan defaults is being sued by lenders in a bid to seize the company's distressed hotels. Morgan Stanley, Barclays and Bank...

Public Facility Corporation Compliance ‎Monitoring: Texas Department of Housing and ‎Community ‎Affairs Proposes RulesLocke Lord LLP - JDSupraTexas House Bill 2071, which took effect on June 18, 2023 to modify Chapter 303 of the Texas Local Government Code with respect to the ownership of a multi...

UCAD directors give Valdez 10 more months as chief appraiserUvalde Leader NewsAfter a split vote in October, the county appraisal district directors on Nov. 14 unanimously approved an abbreviated 10-month contract extension for chief appraiser Roberto Valdez. They also decided not to raise the st...

Unexpected property tax statements deliver anxiety to Tarrant County homeowners CBS Texas Unexpected property tax statements that looked like bills, sent to tens of thousands of homeowners in Tarrant County who weren't expecting them, were intended to be a source of good news—not anxiety. However, ...

Texas property tax cuts help homeowners but could hurt schools later Houston Chronicle Texans have given themselves a property tax break by diverting state tax revenues to fund public schools. But the real test comes when the next oil bust forces lawmakers to choose between funding schools and rais...

Texas Voters Even The Ground In Race For Life Sciences Investment BisNow Proposition 10 will exempt equipment or inventory held by a manufacturer of medical or biomedical products from personal property taxation. Texas voters approved the proposition with about 55%, or 1.37 million people, voting i...