Property Tax Protest Uncertainty Amid Recent Shutdowns

Although we can begin to see light at the end of the tunnel, there are still many weeks (likely months) left before we return to business as usual. With that, it is effectively certain that Texas’ ARB season will take place while still under the guidelines of social distancing. As discussed previously, this likely means every ARB hearing will take place remotely via telephone, zoom, etc.; however, most appraisal districts have yet to define exactly how that process will look in their county. As recently as Monday, Travis County said they are still evaluating options and would not commit to a specific approach.

Some 2020 Values Released, Many Still Pending

2020 taxable values have been released in some counties across the state, while many are delayed. We expect the vast majority to come out within the next three weeks, with some secondary and tertiary markets likely to drag a little behind. As-of today, here’s what we know about the largest counties across the state:

*the protest deadline specified is an estimate and is subject to change

Attorney General Throws Ice on Disaster Tax Exemption

Earlier this week the Attorney General formally issued an opinion that section 11.35(g) of the property tax code, Temporary Exemption for Qualified Property Damaged by Disaster, does not apply to an economic disaster such as the one issued by the Governor late last month across the entire state. Concluding, “the Legislature intended to limit the temporary tax exemption to apply to property physically harmed as a result of a declared disaster. Thus, purely economic, non-physical damage to property caused by the COVID- 19 disaster is not eligible for the temporary tax exemption provided by section 11.35 of the Tax Code.”

While significant, the AG merely rendered an opinion on how a court would rule if this were challenged. This is an interesting topic and we can provide more detail if requested. We will continue to watch this closely and update you with any changes.

Now more than ever, a comprehensive strategy is needed to navigate through the entire appeal. If you do not currently have a process in place that includes a plan to assist you beyond the initial ARB hearing, it is time to reconsider your needs this year as it will likely be considerably different from years prior. With our in-house legal team being an integrated part of your protest, Pinnacle Property Group provides a complete strategy that will be there for you from start to finish. No matter when your case is resolved, our entire team will be involved from beginning to end.