Total Value Reduction, Informal HearingsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | ||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| $ Total Value Reduction | 37,520.510 | 41,608.140 | 47,444.590 | 47,406.980 | 56,672.130 | 62,825.390 | 66,655.550 | 73,263.020 | 111,066.650 | 146,804.840 |
| Single Family Residential Reduction | 7,099.480 | 8,664.640 | 11,806.960 | 12,044.130 | 13,775.960 | 14,487.230 | 18,026.450 | 15,164.870 | 23,305.720 | 33,741.090 |
| Commercial / Other | 30,421.020 | 32,943.500 | 35,637.630 | 35,362.850 | 42,896.160 | 48,338.160 | 48,629.100 | 58,098.160 | 87,760.930 | 113,063.750 |
Texas property owners should protest annually since The value cannot be raised during the protest, based on 2019 legislation.
Texas Property Tax Savings from Administrative Appeals
Texas appraisal districts and the Texas appraisal review board (ARB) work with property owners and property tax consultants to correct the errors in the initial property tax values. Informal hearings are between an appraisal district appraiser and a property owner or tax consultant (if you don’t want to do it yourself). A three-member ARB panel hears cases not resolved informally and some of the cases that go to the ARB end with a judicial appeal, binding arbitration or a SOAH (State Office of Administrative Hearing).
You can’t get a reduction unless you file an appeal. If you do not feel comfortable doing it yourself, you can turn to O’Connor and we will be glad to help.
Total property tax value reduction in 2019 was 10.5% higher than 2018 for all property owners.
Texas Informal Hearings
The Texas appraisal district property tax assessment reduction is shown in the following graph. Believe it or not, most people do not appeal their property tax assessment. However, those that do, results in most of them reducing their property taxes.
Total Value Reduction, Formal ARB HearingsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Billions of $ | ||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| $ Total Value Reduction | 21.547 | 35.533 | 33.610 | 50.651 | 47.873 | 62.381 | 60.523 | 58.131 | 98.175 | 131.641 |
| Single Family Residential Reduction | 3.319 | 4.451 | 3.665 | 5.161 | 4.191 | 8.542 | 7.328 | 9.606 | 27.273 | 28.48 |
| Commercial / Other | 18.228 | 31.082 | 29.945 | 45.490 | 43.682 | 53.839 | 53.194 | 48.525 | 70.902 | 103.159 |
Texas property owners should protest annually since You can’t evaluate the strength of your appeal until you obtain the hearing evidence file. You have to protest to obtain the hearing evidence file (available free upon request via U.S. mail).
Texas Formal ARB Hearings
The graph you see shows the Property tax assessment reductions for the Texas appraisal review board hearings.
Total tax reductions from ARB hearings were $47.6 billion in 2018 and $62.4 billion in 2019.
Tax Savings, Informal HearingsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | ||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| $ Total Value Reduction | 1,013.05 | 1,123.42 | 1,281.00 | 1,279.99 | 1,530.15 | 1,696.29 | 1,799.70 | 1,978.10 | 2,998.80 | 3,963.73 |
| Single Family Residential Reduction | 191.686 | 233.9453 | 318.788 | 325.1915 | 371.951 | 391.1552 | 486.714 | 409.4514 | 629.2544 | 911.0095 |
| Commercial / Other | 821.37 | 889.47 | 962.22 | 954.80 | 1,158.20 | 1,305.13 | 1,312.99 | 1,568.65 | 2,369.55 | 3,052.72 |
Texas property owners should protest annually since Not appealing is used against property owners in the subsequent years since “you agreed to the value” (by not protesting).
Estimated Total Property Tax Informal Savings
This data documents total Texas appraisal district property tax assessment reductions, including informal and formal hearing. This does not include assessment reductions from judicial appeals, binding arbitration and State Office of Administrative hearings.
It is your right to manage taxation for the benefit of you and your family. Annual property tax appeals are effective. Property taxes are the most significant tax in Texas.
Savings from informal and formal hearings for single family homes totaled $391 million in 2019.
Tax Savings, Formal ARB HearingsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | ||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| $ Total Value Reduction | 581.77 | 959.40 | 907.46 | 1,367.58 | 1,292.56 | 1,684.28 | 1,634.11 | 1,569.54 | 2,650.74 | 3,554.30 |
| Single Family Residential Reduction | 89.62 | 120.17 | 98.95 | 139.36 | 113.15 | 230.63 | 197.86 | 259.36 | 736.38 | 769.01 |
| Commercial / Other | 492.15 | 839.22 | 808.51 | 1,228.22 | 1,179.41 | 1,453.65 | 1,436.25 | 1,310.18 | 1,914.35 | 2,785.29 |
Tax Savings, Formal ARB Hearings
Texas property owners reduced the assessed value of their property by $1.68 billion in 2019 for single family and commercial property. (see bottom table).
Total Property Tax Savings (Informal & Formal)Source: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | ||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| $ Total Value Reduction | 1,594.82 | 2,082.82 | 2,188.46 | 2,647.57 | 2,822.71 | 3,380.57 | 3,433.81 | 3,547.64 | 5,649.54 | 7,518.03 |
| Single Family Residential Reduction | 281.31 | 354.12 | 417.74 | 464.55 | 485.10 | 621.79 | 684.57 | 668.81 | 1,365.63 | 1,680.02 |
| Commercial / Other | 1,313.52 | 1,728.69 | 1,770.73 | 2,183.02 | 2,337.61 | 2,758.78 | 2,749.24 | 2,878.83 | 4,283.90 | 5,838.01 |
Total Property Tax Savings (Informal & Formal)
Texas property owners achieved substantial savings through the informal and formal hearings. Total property tax reduction in 2019 was $3.37 billion, which included $622 million for single family and $2.75 billion for commercial.