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Tax Valuations Require Transparency

The underlying issue with valuations is the appraisal review board within the appraisal system, says Rahul Patel, managing partner of Patel Gaines, a Texas-based law firm specializing in property tax issues.

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Rahul Patel Patel says abolishing appraisal districts and using sales prices to set values may lead to higher tax valuations.

DALLAS—It’s pretty much a fact that property taxes go up annually in Texas. Proposals such as caps on annual increases and sales price disclosure on commercial properties ignore the root of the problem of the annual increases, GlobeSt.com learns.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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