123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Williamson Appraisal Districts Raises Commercial Values 17.7% In 2021

Profile Picture
By Author: O’Connor
Total Articles: 100
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Williamson Appraisal District raised the overall taxable value of commercial properties by 17.7%, for the 19,906 commercial properties with 2021 values available. The 2021 increase in Williamson Appraisal District taxable values is summarized below:

Office 14.9%

Land 29.3%

Retail 30.4%

Warehouse 24.7%

Taxable values were increased for 658 of 686 office buildings. The total assessed value increased to $3.289 billion in 2021 from $2.814 billion in 2020. The increases are surprising considering the impact of COVID on office occupancy.

Land values soared 29.3%. The taxable value of vacant land rose from $1.013 billion last year to $1.457 billion in 2021. More than 87.4% of landowners saw higher taxable value; land assessments were increased for 1,405 of 1,607 tracts of land with 2021 values available. Demand for land for develop fell in 2020 due to uncertainty caused by COVID.

Increases in retail properties were the biggest surprise. Scores of national retailers have filed for bankruptcy. Thousands of local ...
... tenants have abandoned leases due to COVID. Yet the taxable value of retail properties were increased for 526 of 584 retail properties with new values available. The total taxable value rose to $3.529 billion from $2.509 billion in 2020.

Warehouse properties saw the largest increase for improved commercial properties in Williamson County, with values increasing a whopping 24.7%. The 2021 taxable value was increased for over half of the properties with new values available.; 169 of 213 warehouses were increased. The total taxable value spiked to $1.217 billion from $0.930 billion in 2020.

The property tax protest deadline is May 17th. Williamson County commercial property owners are encouraged to appeal regardless of whether their value increased. There is a strong argument commercial values are lower in 2021 compared to a year ago due to COVID. Many if not most commercial properties are expected to have a lower taxable value compared to last year, but ONLY if the 2021 value is appealed.

There are no flat fees or upfront costs with O’Connor, and never a fee unless we reduce your property taxes. Simple and fast enrollment is free at: https://www.poconnor.com/commercial1

or call 713 290 9700. Fast and free.

Total Views: 232Word Count: 425See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Why It Is Wise To Have Fully Functional Residential Garage Doors
Author: DEN Garage Doors

2. Dlf The Dahlias Gurgaon: Exclusive 4 & 5 Bhk Apartments For The Privileged Few
Author: propertycloud

3. Experience Elite Living At Adani Ten Bkc – Starting ₹6.45 Cr*
Author: propertycloud

4. Piramal Aranya Byculla: South Mumbai’s Landmark In Luxury Living
Author: propertycloud

5. Rustomjee Erika Bandra – 2 Bhk Flats With Modern Kitchens & Open Layouts
Author: propertycloud

6. Hiranandani Bandra West: Book 3 & 4 Bhk Homes In Mumbai’s Elite Locale
Author: propertycloud

7. The Florida Homebuyer's Guide With List & Sell Real Estate
Author: solemediaus

8. Top Reasons To Book Your Home At Birla Punya Sangamwadi Today
Author: propertycloud

9. Origin Claremont: Elevating Urban Living With Panoramic Views And Exclusive Amenities
Author: Keystone Real Estate

10. Inside Raheja Modern Vivarea: Mahalaxmi’s Most Prestigious 3 & 4 Bhk Homes
Author: propertycloud

11. Shop For Sale Vs. Shop On Rent: What’s Smarter In Andheri East’s Commercial Market
Author: Horizon Consultants

12. Concrete Solutions For Every Setting: Public Paths, Commercial Interiors, And Residential Polishing
Author: Concrete Floor

13. Vinyl Vs Hardwood: Which Flooring Is Right For Home Renovation
Author: Bibaswan Roy

14. Common Mistakes In Land Development And How To Avoid Them
Author: Jake Lampard

15. Spj Vedatam Sector 14 Gurgaon | Retail Spaces And Serviced Apartments
Author: Gurgaon Property

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: