Austins Appraisal Lawsuit Dismissed

Austins Appraisal Lawsuit Dismissed

Austin's appraisal lawsuit dismissed


The city of Austin's lawsuit against the Travis Central Appraisal District – as well as, technically, all property owners in the district– was dismissed Friday by a District Court judge.

According to the Austin American-Statesman, the city has yet to decide if it will appeal the decision. If it does, it has 30 days to do so. According to the paper, the judge raised questions about the proper role of the court to bring a remedy in the case.

A judge has dismissed Austin's lawsuit against the Travis Central Appraisal District.

The suit directly challenged the constitutionality of Texas' status as a so-called "non-disclosure state," or one in which property sale prices are not required to be publicly disclosed when land trades hands. Texas is one of 12 such non-disclosure states in the U.S.

The Real Estate Council of Austin released a statement in the wake of the decision, saying it agreed with the judge's ruling.

"RECA believes in fairness as a value, and we also believe in honesty. The city of Austin’s ill-conceived lawsuit ignored the fact that higher commercial property taxes would also be paid by Austin’s working families — through higher rents, higher prices and lower wages. It would be in the community’s best interest if the city does the right thing and opts not to appeal this decision," the RECA statement said.

Originally, the city asked the court to declare that mandatory sales price disclosure is necessary to ensure that property taxes are levied at fair market values. However, the city dropped that request earlier this week.

The suit's overall purpose was to challenge what city attorneys described as persistent undervaluations of Travis County commercial property, which Mayor Steve Adler said were driving up taxes on residential property owners and contributing to Austin's housing affordability crunch.


see original article at: http://www.bizjournals.com/austin/news/2015/11/06/austins-appraisal-lawsuit-dismissed.html?iana=ind_rre


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Phone: 541-419-7703
Dated: November 7th 2015
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About Tricia: My name is Tricia Shirk, I am originally from Oregon and now an Austinite since 2014. I love explor...

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