TTARA Report Illustrates Problems with Property Appraisals

Document Sample
TTARA Report Illustrates Problems with Property Appraisals Powered By Docstoc
					TTARA Report Illustrates Problems with Property Appraisals                                                                                         Page 1 of 2




                                                                                    Call us at
                                                                                                                   Username
                                                                                    (888)544-2100
                                                                                                                                    Forgot your password?



   Home          Why Us             How it Works          Pricing         PR Resources            For Journalists        Newsroom            Contact Us




  TTARA Report Illustrates Problems with Property Appraisals                                                              Media Contact

  Austin, TX (myPressManager.com) May 09, 2012                                      ShareThis
                                                                                                                         Ryan Ash
  The Texas Taxpayers and Research Association today released a report,                                                  Texas Taxpayers and Research
   Equal and Uniform sort of analyzing the findings of the performance                                                   Association
  audits of Texas 253 central appraisal districts.
                                                                                                                         400 West 15th Street, Suite 400
                                                                                                                         Austin , Texas , 78701
  The study was compiled from the results of individual reviews of local appraisal districts conducted by
                                                                                                                         Phone 512-472-8838
  State Comptroller Susan Combs Property Tax Assistance Division under a requirement in House Bill 8,
  passed into law in 2009 by State Representative John Otto and Senator Tommy Williams.                                  ryan@ttara.org
                                                                                                                         www.ttara.org
  The Comptroller s evaluation was an effort to determine if appraisal districts have the very basic tools
  needed to do their job appraise property at its fair market value. Initially, the review found that roughly
  one in three districts lacked up-to-date maps and documentable procedures. In over a third of the                       Quotable
  districts the Comptroller was unable to reproduce the values assigned to the property. The most
  troubling finding is that districts were found to be most lacking in appraisal standards and procedures
  their core mission, said TTARA s senior researcher, John Kennedy.

                                                                                                                         The Texas
   The Texas Constitution guarantees that taxation will be equal and uniform. That right is threatened if
  taxpayer property is not uniformly appraised at market value. It is little comfort to know that your house             Constitution
  is fairly valued only to find out that your neighbor s is not. Your heftier tax bill subsidizes their benefit,         guarantees that
  Kennedy said.
                                                                                                                         taxation will be equal
  The good news is that most appraisal districts have already corrected almost all of their identified                   and uniform. That
  deficiencies. Some, however, remain sorely behind. Eight districts not only failed to correct their                    right is threatened if
  deficiencies before the results became final, but also could not address them in the ensuing year. These
                                                                                                                         taxpayer property is
  districts have been reported to the Texas Department of Licensing and Regulation for further enforcement
  action.                                                                                                                not uniformly
                                                                                                                         appraised at market
  The Texas Taxpayers and Research Association (TTARA) is a non-profit, non-partisan membership-
                                                                                                                         value.
  supported organization of businesses and individuals interested in state and local fiscal policies in Texas
  and the way those policies impact our economy. TTARA members operate in every part of Texas; they
  employ and provide incomes to thousands of Texans; they produce or provide every type of good or
  service Texans consume; and, they provide a huge portion of the revenue that supports public services at
  every level of government. TTARA has been recognized as the state s leading organization specializing in
  tax and fiscal policy for more than 50 years.
                                                                                                                          Press Kit


  To view the report, click here.                                                                                        Images




  ###                                                                                                                    Want to place myPressManager
                                                                                                                         Press Releases on your site?

  Share with others:
                                                                                                                         Click here for Options.




                                                                                                                                                   PRID002165




http://www.mypressmanager.com/PressRelease.aspx?PRId=2165                                                                                           5/10/2012
TTARA Report Illustrates Problems with Property Appraisals                                                                                    Page 2 of 2




                                                                                                  About s     oundation Membership in s                   ontact
      sername                                  Password
       ot a member yet? oin TTARA
       orgot your password? lic here
    About s Research oundation Membership in s ontact
      ill ummaries ocumentsPublications ews mail pdates    MeetingsAudio/ isualPolicy Area InformationAd anced earch
                                                                     ents
                                                                              400 West 15th Street, Suite 400 Austin, TX
    TTARA Releases Report that Illustrates Problems with Property Appraisals78701 (512) 472-8838 fax: (512) 472-2636
                                                                              Pri acy Policy Terms       onditions ite Map
                                                                               eedbac
                                                                                opyright 200 2012 Texas Taxpayers and
                                                                              Research Association. All rights reser ed




      myPressManager®/Media Tracking, Inc. is the originating wire service for this story. For Terms of
      Use and License of this Press Release, click here.




  For more information,                              Home                        About Us
  call us at   (888)544-2100                         Why Us                      Blog

                                                     How It Works                Terms of Service

         facebook             twitter                Pricing                     Copyright

                                                     PR Resources                Privacy Policy

                                                     Newsroom                    Site Map

                                                     Contact Us
                                                                                                            myPressManager is a service of Media Tracking, Inc.

                                                                                                                                 © 2011 myPressManager.com

                                                                                                                                           All Rights Reserved.




http://www.mypressmanager.com/PressRelease.aspx?PRId=2165                                                                                       5/10/2012

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:0
posted:5/10/2012
language:
pages:2
Description: Austin, TX (myPressManager.com) May 09, 2012 The Texas Taxpayers and Research Association today released a report, “Equal and Uniform…sort of” analyzing the findings of the performance audits of Texas’ 253 central appraisal districts. The study was compiled from the results of individual reviews of local appraisal districts conducted by State Comptroller Susan Combs’ Property Tax Assistance Division under a requirement in House Bill 8, passed into law in 2009 by State Representative John Otto and Senator Tommy Williams. The Comptroller’s evaluation was an effort to determine if appraisal districts have the very basic tools needed to do their job— appraise property at its fair market value. Initially, the review found that roughly one in three districts lacked up-to-date maps and documentable procedures. In over a third of the districts the Comptroller was unable to reproduce the values assigned to the property. “The most troubling finding is that districts were found to be most lacking in appraisal standards and procedures—their core mission,” said TTARA’s senior researcher, John Kennedy. “The Texas Constitution guarantees that taxation will be equal and uniform. That right is threatened if taxpayer property is not uniformly appraised at market value. It is little comfort to know that your house is fairly valued only to find out that your neighbor’s is not. Your heftier tax bill subsidizes their benefit,” Kennedy said. The good news is that most appraisal districts have already corrected almost all of their identified deficiencies. Some, however, remain sorely behind. Eight districts not only failed to correct their deficiencies before the results became final, but also could not address them in the ensuing year. These districts have been reported to the Texas Department of Licensing and Regulation for further enforcement action. The Texas Taxpayers and Research Association (TTARA) is a non-profit, non-partisan membership-supported organization of businesses