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

Wise Appraisal Districts Raises Commercial Values 10.2% In 2021

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

Most property owners believe appraisal districts should cut taxable values in 2021. 93% of Texas property owners surveyed by O’Connor thought appraisal districts should reduce values in 2021 due to the impact of COVID.

Wise Appraisal District raised the overall taxable value of commercial properties by 10.2%, for the 8,143 commercial properties with 2021 values available. The 2021 increase in Wise Appraisal District taxable values is summarized below:

Office 1.47%

Land 6.30%

Apartment 47%

Taxable values were increased for 6 of 12 office buildings. The total assessed value increased to $0.0014 billion in 2021 from $0.0013 billion in 2020. The increases are surprising considering the impact of COVID on office occupancy.

Land values soared 6.30%. The taxable value of vacant land rose from $0.045 billion last year to $0.048 billion in 2021. More than 33.1% of landowners saw higher taxable value; land assessments were increased for 52 of 157 tracts of land with 2021 values available. Demand for land for develop fell in 2020 due to uncertainty caused by COVID.

Taxable ...
... values were increased for 78 of 79 apartments. The total assessed value increased to $0.026 billion in 2021 from $0.017 billion in 2020. The increases are surprising considering the impact of COVID on apartment occupancy.

The property tax protest deadline is May 17th. Wise 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: 265Word Count: 334See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Best Umrah Packages From Mumbai For A Peaceful And Affordable Pilgrimage
Author: Reliable Tours

2. Best Locations For Co-working Space In Bhopal In 2025
Author: Ajay Singh

3. 7 Features Every 3 Bhk Apartment Buyer Should Look For
Author: Metro

4. Civil Engineering Company Nigeria Stable Domes Redefining Excellence In Construction
Author: Stable Domes

5. The Future Of Real Estate Lies In Premium Properties In Hyderabad
Author: Sensation Infracon

6. Cultural Comforts: Indian Hospitality In Serviced Apartments
Author: Adopremium

7. Immobilie Verkaufen In Hamburg
Author: Steffen Mayer

8. What Is Fractional Property Ownership In Dubai? A Smart Real Estate Investment
Author: Icon Real estate

9. Reasons For Sharp Increase In Land Value In Nelamangala
Author: MBS Properties

10. 最好和最令人惊奇的 日本虚拟房产之旅
Author: jhomeclick

11. Best Tenant Placement Services For Apartments, Villas & Commercial Rentals | Property Handling
Author: prasanthi

12. Gk Construction Tirunelveli (pvt Ltd)-construction Company In Tirunelveli-architect In Tirunelveli-builders In Tirunelveli
Author: Mr.karthick

13. How To Take Benefit From Property Investment Opportunities
Author: Rick Lopez

14. Tulip Crimson Residences Sector 70 Gurgaon
Author: Tulip Apartments

15. Apcrda, Rera Approved Plots In Amaravati – Amaravati Investors’ Trusted Choice For Smart Real Estate
Author: pavankumar

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