May 23, 2022      5:13 PM
Texas losing tens of billions in property tax base each year because of litigation filed by large commercial real estate owners, senators are told
As Senate Finance digs into ways to provide property tax relief with flush state coffers, Chair Huffman reminds members that there are still political ramifications to voting to exceed the constitutional spending limit
Tens of billions of dollars
have been removed from tax rolls across Texas in the last several years because
of litigation filed by large commercial property owners, senators were told
Monday as they started to dig into ways to try once again to offer property tax
“relief” to homeowners.
Hunt County Chief
Appraiser Brent South, representing the Texas Association of
Appraisal Districts, told members of the Texas Senate Finance
Committee that the loss from that kind of litigation was around $24
billion in the year 2020.
$8.9 billion of that was
in Harris County alone, Hunt said.
By Scott Braddock