Property tax appraisal system at center of new lawsuitProperty tax appraisal system at center of new lawsuithttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=52015-08-25T05:00:00Z2015-08-25T20:00:00Z​​​​​AUSTIN – The city yesterday filed a suit against the state comptroller’s office, arguing the state’s property appraisal system is unconstitutional because it provides no "equal and uniform" property value taxation.

The lawsuit follows a city petition in June that alleged commercial and vacant property in Travis County was valued at more than $30 billion below market value.

The ten-page suit says the current system routinely allows property values to be set well under market value, including for homeowners who can escape otherwise heavy tax burdens.

Among other things, the suit seeks to make disclosing sales prices mandatory. Texas currently is one of few states not requiring property sales price disclosure.​
Associated Press
Austin-Round Rock
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