By Bill Oakey – May 26, 2015
The Austin City Council must decide by June 1st whether to launch a landmark challenge to the Travis Central Appraisal District over the undervalued commercial properties in this year’s tax appraisals. You can help convince them make the right decision to go forward with the appeal. Come to the City Council Chambers at 301 West 2nd Street, this Thursday May 28th. Bring your neighbors and friends. Email, text, Tweet and Facebook the link to this blog posting. We have obtained a 4:00 time certain for speakers on this topic, which is Item #4 on the agenda. You can sign up to speak, using the kiosks in the lobby of the Council Chambers anytime between now and Thursday’s meeting.
Please keep in mind that this is not an adversarial action against the TCAD appraisal officials. They have been very cooperative with our City Council members and City staff. This is the legally required process to correct major flaws caused by the Texas appraisal system. The law does not require sales price disclosure on either residential or commercial real estate transactions.
Here are some new developments on the Council’s pending decision on the appraisal challenge. Two major stumbling blocks could cause Travis County, AISD, or any of the other taxing entities in our area to oppose Austin’s challenge to TCAD. Both involve a potential delay in TCAD’s new certification of the tax rolls after the revised commercial appraisals have been calculated.
For one thing, taxpayers who usually make their payments to the Travis County Tax Office at the end of the year might lose the opportunity to do that, and then lose their Federal income tax deduction for this year. But a solution to that problem was discussed at Tuesday’s City Council Work Session. A plan is underway to allow taxpayers to pay an estimated tax by the end of the year and still use that for their Federal tax deduction. Then they would simply make a final supplemental payment once the new tax rolls are certified and final tax bill amounts are determined. With these tax receipts coming in, the taxing entities would not face a delay in receiving the revenues needed to fund their operations.
Plans are also being considered that might allow TCAD to certify the new tax rolls faster and shorten the delay period. City Council members are looking into whether each taxing entity could make a small contribution to TCAD and the Travis County Tax Office, so they could hire temporary workers to help them through the clerical work required to finish the new certification and get new tax notices sent out
We’ll see you in the City Council Chambers on Thursday afternoon. We are one step closer to ending the egregious inequity of undervalued commercial properties that has plagued residential taxpayers for too many years. For more information on the flawed Texas appraisal system, please visit Real Values for Texas at this link. Read their report and watch their excellent video.