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Texas Economic Development Fueled By Taxpayer-Funded Corporate Subsidies

Texas economic development continues to be fueled by taxpayer-funded corporate subsidies. An estimated $1.4 billion in property tax revenue has gone uncollected in Texas from 2005 to 2015 as a result of Chapter 313. These are the findings from the state auditor’s report in October 2016. As Texas Observer detailed last year, the free lunch to corporations doing business in …

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HCAD’s Two-Tiered Property Tax System Exposed By Recent Apartment Deals

(Updated 9-28-16) The bills for your property taxes will likely be going out in the mail next month. In case you needed another reminder of the two-tiered property tax system here in the Houston area, we just received another reminder of the crony capitalism that passes for uniform and “equal” appraisal in the Texas property tax system. According to the …

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Fort Bend County Wasting $10 Million Per Year To Maintain Operationally Corrupt “Appraisal” System

A look at the 2015-2016 budget for the Fort Bend County Appraisal District highlights how much money local taxpayers are wasting to support an operationally corrupt appraisal system here in Katy and throughout Fort Bend County. As I have detailed before, local appraisal districts have steamrolled local homeowners with skyrocketing residential property taxes and disparate treatment of different types of …

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Miami Investor Capitalizes On Harris County Appraisal Scam…Again!

The definition of “fraud” according to Wiki is “the deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right”. Homeowners across the Houston area should now be wondering how long our elected representatives will continue to pretend that our current property tax system is anything but a giant hoax, a work of fiction …

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Committee Hearing On Property Tax Reform Provides Hope For Change

Last week I had the opportunity to testify before the Texas senate committee on property tax reform & relief.  There were several hundred property owners and local officials addressing the issue of skyrocketing property taxes. I was encouraged by the general discussion and much of the testimony that was offered. I was particularly encouraged by the committee’s general consensus that property taxes …

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The HCAD Appraisal Scam Multi-Family Edition 2016

Yesterday I detailed how the Fort Bend Central Appraisal District’s appraisal values are a magical work of fiction. Just in case you are under the impression that the “market values” of Harris County are any better, let me provide you with an important reminder of how the current appraisal system is rigged in favor of large commercial property owners. Yesterday …

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Fort Bend CAD’s 2016 “Appraisals” Are A Magical Work Of Fiction

In my March housing report I included data points for 2016 first quarter sales in Fort Bend County. In that piece, I detailed how local home prices were basically flat year-over-year, with new home prices actually showing declines from a year ago. I also predicted that the Fort Bend Central Appraisal District might ignore the facts and continue to bulldoze …