Houston Texas property tax assessments - questions

[James Farrior]

I'm interest in purchasing some single family homes in Houston. Many of the homes that I am considering have property tax assessments far below the value that I would pay for them. AFor example this property is assessed at $30K, but the $130K seems like a reasonable purchase price. Woudl this low assessment stick around for a while after I purchased the property,or would the municipal government immediately re-assess the property?

[Erion Shehaj]

It will likely be reassessed the following year. I would underwrite the deal with property taxes at 85% of projected purchase price times the tax rate.