Texas Property Tax Valuation Methodologies

2 Replies

My business partner and I own two single family homes, a four-plex and two duplex units in Houston County, Texas (all rentals).  Recently, the appraisal district sent us notice letters on our four-plex and two duplexes stating that, "Apartment complexes now fall under income producing properties, so we must obtain some information from the property owner in order to be able to apply the income approach to value."  

As far as I am aware, all these properties have been valued under the Market Data (Sales) approach since the beginning of time.  I am generally of the opinion of not providing the appraisal district any voluntary information, but I wanted to reach out to see if anyone else has received similar letters and how the transition process worked out for them.  I can't imagine the appraisal district taking this route if they thought it would result in less property tax dollars being paid.

The four-plex is valued at $162,660 for tax purposes, and the two duplexes are valued at $67,200 and $68,050 respectively.

Thanks in advance.

@Don Henderson . Try checking the Appraisal District website for information. Otherwise, my approach would be to IGNORE their request. If they really need it the Appraisal District will ask again. 

512-633-3853

I agree to ignore It.  I called the appraisal district the first time I received the letter and they told me that it was voluntary.  That was 5 years ago and I get them every year.  Watch your taxes and if they go up more than you think the value is, then contest them.

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