The world's largest real estate franchise by agent count
Many Texans have received notices this month
that their properties appraised much higher this year than last. Such increases
often leave property owners expecting exorbitantly high property tax bills the
following year, but an economist with the Texas Real Estate Research Center
(TRERC) at Texas A&M University says that’s a misconception.
"Many factors complicate how property taxes are calculated, but by and
large the increases in property appraisals being reported vastly overstate the
average increases in property tax bills that should be expected next
January," said TRERC Research Economist Dr. Adam Perdue.