Daily Texas Property Tax News

Texas Property Tax Law Updates 2/12/2024

Posted by John Brusniak | Feb 12, 2024 | 0 Comments

Depreciating Commercial Assets Spell Tax Dip

Dallas Express

Plummeting values across North Texas' commercial real estate sector could spell trouble for the jurisdictions depending on the collection of property taxes from those entities. Policy firming by the Federal Reserve and declining demand for office space are just some of the factors contributing to the sharp decline in the value of commercial office buildings in 2023.

Texas Residents Blame Greg Abbott For Property Tax Increases

News Week

Despite the property tax relief package recently signed into law by Greg Abbott, most Texas residents are facing higher property taxes and blame the Republican governor for it. In July 2023, Abbott signed into law an $18 billion property tax relief package for Texas homeowners. Under the new legislation, local governments are to stop applying property taxes, and the state government steps in for the lost revenue.

Texas Apartment Markets Could Be Courting Disaster As Oversupply Fuels Rent Declines

BisNow

Pricing power across apartment markets in Texas has slipped just as thousands of new units are coming online, sparking concerns that conditions are ripe for an onslaught of distress. Markets with the biggest development pipelines are seeing sharper rent growth declines than those with less supply underway.

About the Author

John Brusniak

John Brusniak is the dean of Texas property tax litigation.  He was licensed to practice law in 1976,   His early career involved general litigation and appellate work in both the federal and state courts until he was handed his first property tax matter.  It arose prior to the implementatio...

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