By Bill Oakey – April 15, 2022
The City of Austin’s relentless march to obliterate all long term residents and replace us with the ultra-rich took another giant leap this morning. The Travis Central Appraisal District (TCAD) has posted the new property tax appraisals on their website. If you just placed an order for a new Tesla, and you registered for the VIP presale tickets for the Zilker Botanical Gardens Ion Art Night at $400 per couple, plus fees, plus taxes, then you can skip this blog piece. But if you have lived in Austin most of your life, and you are responsible for helping to create our high quality of life, then keep reading. You still matter to tens of thousands of your neighbors and friends. You still have a right to belong in the city that you helped build, and you supported with your taxes.
To look up your new tax appraisal, go to this link, and enter you name or your property address. Scroll down to the bottom, and click on “Values.” The line labeled “Market” is your total appraisal. The “Net Appraisal” is the adjusted amount, after any homestead exemptions and the 10% annual appraisal cap. Keep in mind that if your total appraisal is reduced by the annual cap, then that higher amount will stay in your account, and you’ll get 10% increases every year until you reach the total.
Check out the helpful, but frightening news story from KXAN below. Investors around the world are salivating over the easy money they can make by gouging Austin renters, and toppling all of our neighborhoods. But we have a tough spirit, and we vote in large numbers. Enjoy this nice spring day, while you still can!
Travis Co. Appraisal District says its market values have been ‘too low.’ What does that mean for your notice?
TRAVIS COUNTY, Texas (KXAN) — The Travis Central Appraisal District (TCAD) said appraisal notices for the year are on their way to homeowners. Spoiler alert: Values are up. Way up.
TCAD said according to this year’s values, the 2022 median market value for a residential property in Travis County is $632,208.
According to TCAD, the median home value was $413,403 in 2021 and $354,622 in 2020.
“In some areas, we’re looking at increases in market value of almost 40 to 50%. In some places, it may even be higher,” said Marya Crigler, Travis Central Appraisal District chief appraiser.
It’s what worries Dave W. Lofton III, who’s seen his value increase, especially over the last few years.
“My house, it hasn’t changed, it’s been the same,” he said. “They done built all these houses all around me, okay, they value my house on these houses that’s around me.”
In a press release on Thursday, the agency also said its market values “in recent years have been too low, particularly in areas of western Travis County.” That’s according to a review by the Texas Comptroller of Public Accounts, which is done every two years, said TCAD.
The comptroller’s office told KXAN its study takes a look at a sample of property values within school districts. It sends that data back to the Texas Education Agency to help determine school funding.
While it said the study doesn’t have a direct impact on TCAD’s home market values, TCAD said it shows it “failed” to value properties at 100% of the market rate, as required by law, according to TCAD spokesperson Cynthia Martinez.
Martinez said it’s part of the reason why property owners’ increases might be higher than they expected, because TCAD has been too low the last couple years.
“The test that we had the last two years indicated that we were probably not being as aggressive in increasing the values as we should have been,” Crigler said.
She said the discrepancy comes from the data they have access to.
“We do have some limitations in the information that is available to the appraisal district. The state will have some different resources that will lead — lend their analysis to be slightly different than ours,” Crigler said.
But she said the biggest driving factor in increased market values is supply and demand.
“There’s a lot of demand for housing, but we have had a shortage of supply of housing,” she said.
Crigler also posted a message to homeowners, stating:
“These increases may seem intimidating. But it is important for property owners to understand that the appraisal district does not set local budgets or tax rates. Your city, county, and school district are among the taxing entities that determine how much money needs to be brought in every year by property taxes. Your taxable value helps determine what portion of that total you have to pay compared to your neighbors.”
But TCAD’s market values are what those taxing entities use in setting those rates, and the majority of folks will see property taxes go up, as we’ve seen in previous years.
Even with a homestead exemption, which caps his property tax increase at 10%, Lofton is worried he’ll be taxed out of his neighborhood of more than 40 years.
To see the full KXAN News story, click here.
Final Note: If you really want to go to the Zilker Gardens Ion Art Night, you can register here, non-VIP, for $80 per couple, plus fees, plus taxes. But read the fine print. If the event is canceled for any reason beyond their control, there are NO REFUNDS! Your money will be kept as a donation to support “their mission.”
You can thank our friendly Parks and Recreation Dept. for these high priced, glitzy events and outlandish policies. What about those wonderful free spring Zilker Garden Festivals that we enjoyed for so many years? The ones where local organizations were in charge, and plants were sold to benefit non-profit groups? Those days at Zilker Gardens are gone forever, unless we can elect City Council members who care about all of our communities, and the diverse income groups who live in those communities.
Sign of the times. Austin has sold it’s soul. We ARE San Francisco. And it will be worse. Greed is a terrible thing, folks.