Business
What’s going on with local home appraisals?
[dropcap]D[/dropcap]ear Terese,
My tax appraisal for my home went up 20% this year! Why are my property taxes rising so high?
Bruce
Dear Bruce,
The Texas Association of Realtors recently addressed this issue in their monthly publication, “Texas REALTOR”. The main reason is that Texas property is in high demand. Increased market values mean higher appraisals. However, the other side of the equation is the local tax rate. Appraisals may go up, but the tax rate does not fall. Yo...