Will Commercial Property Tax Valuations Increase?

Some commercial property types rebounded after three years of declines.  Apartment leasing was up compared to last year.  In fact a record high was hit as renters paid almost 5% more in 2011.  This was mainly due to the new apartments that came online this past year.   As of the 4^th quarter in the DFW Market there were 1,726 unit completions and 8,000 units under construction.  The biggest demand is for new product.  The average rent was $804 and the occupancy averaged 93.1%.  This up 2% from last year and DFW was second to Houston in apartment renting nationally.

Research has indicated occupancy rates increasing and rental rates going up from last year.  Will the appraisal district revalue properties this year? The number of property tax protests has been down the last couple of years due to the market and economy.  This property tax protest year for 2012 could be an exception should the appraisal districts choose to increase values.

Let me assist in arguing to reduce your property taxes.

Sincerely,

Wade Carlson
Senior Property Tax Consultant

Managing Partner
DFW Property Tax Reductions
P.O. Box 794006
Dallas, Texas 75379
972-591-4747 Fax: 972-591-4748
www.DFWPTR.com
http://Twitter.com/DFWPTR