How Commercial Property Values Are Determined by Appraisal Districts

 In NEWS

With Appraisal Districts (ADs) throughout the state of Texas mailing out the 2014 Proposed Value Notices, I thought I would take the opportunity to explain how they place valuations on commercial real estate.

By law, with few exceptions, all taxable property must be appraised at its market value as of Jan. 1 of the current year. A property’s market value is based on what a willing seller and buyer would agree is a fair price if neither was under duress. To determine this value, the chief appraiser uses one of the three methods of appraisal…

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