Travis County Property Tax Trends documents that Travis County Appraisal District has experienced substantial growth in market value. However, the number of tax parcels has been flat. Large increases in assessed values have caused Travis County residents to protest at about three times the statewide average of 10%. The market value of tax parcels has almost doubled from $137 billion in 2013 to $246 billion in 2018. The number of tax parcels been flat at about 400,000. This site has details on number of tax protests, total market value, total taxes levied, value by type of property, number of judicial appeals, number of appraisal district staff, appraisal district budget and much more.
The market value of Travis County taxable property rose from $137 billion in 2014 to 246 billion in 2018. This is a 80% increase over 5 years; 15.9% per year! These large increases are part of the impetus for Senate Bill 2, which caps taxes for school at 2.5% and cities / counties at 3.5% per year for existing property, plus the value of new construction.
Property tax savings from protest hearings at Travis County Appraisal District (TCAD) have increased sharply: from $129 million in 2013 versus $271 million in 2018. Commercial accounts were reduced $178 million in 2018 versus residential accounts for $93 million. There are more residential accounts protested but the commercial accounts have a higher value.
The number of tax protests in Travis Appraisal District increased by about half; from 96,370 in 2014 to 142,700 in 2018. Travis County Appraisal District received 2018 property tax protests. These include 99,520 residential and 43,180 commercial accounts. Residential accounts for 70% of the appeals but for 34% of the savings ($93 million out of $271 million in 2018).
Judicial appeals in Travis County have been increased sharply over the past six years. The volume of Judicial appeals rose from 188 in 2012 to 1,221 in 2018, a 804% increase in six years. Property tax savings in Travis County due to judicial appeals have been moderate to low given the size of the county. Most appeals are resolved administratively. Judicial appeal tax reduction were $20.7 million in 2012 to $21.5 million in 2018.
The Travis County Appraisal District budget rose from $12.7 million in 2012 to $18.3million in 2018, a 44% increase over 7 years. This averages 6.3% annual increase in TCAD budget exceeds the average rate of increase in appraisal district budgets.
The Travis County Appraisal Review Board fell from 35 from 2012 to 21 in 2018. However, in 2019, TCAD had few if any informal hearings and all accounts went to the ARB.
The number of appraisers has risen substantial; from 57 in 2013 to 62 in 2018. The number of appraisers increase by about 10% while the market value of parcels rose 80%.
2020 property tax deadline is May 15th; deadlines to protest are not extended due to Covid-19.
Visit Travis County Property Tax Trends to learn more.
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