What the Bleep Is Going On With Texas Property Taxes?
If you’ve recently received your property appraisal and your response is, “Holy @$%—this is nuts!” you’re not alone in your expletive-filled reaction. Many Texans have received eye-popping estimates of their homes’ appraised values. Residential appraisals are up 15 to 30 percent in Harris County, 20 percent in Tarrant County, 24 percent in Dallas County, 25 percent in Bexar County, and 53 percent in Travis County, and I could go on.My partner and I bought our 1,100-square-foot home in East Austin in 2011 for $200,000—what seemed like a fortune at the time. The market value has soared since then, as our neighborhood has transformed from an obscure working-class enclave into a “hot” area of expensive modern farmhouses with Teslas in their driveways. Last year, the Travis…
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Source: Texas Monthly