Tarrant Appraisal District board members voted 5-4 to appraise residential property in 2027, continuing a plan to reappraise the properties during odd-numbered years instead of annually.\u00a0<\/p>\n
The reappraisal plan, which other appraisal districts across the state have emulated<\/a>, delivered less equitable tax bills to homeowners this year, TAD staff and board members acknowledged Tuesday and in previous board meetings<\/a>.\u00a0<\/p>\n TAD did not reappraise homes this year, meaning property values remained frozen at a higher, previous market value. Had the TAD board chosen to reappraise, an estimated 195,000 homeowners would likely have received<\/a> lower property tax bills this year because the housing market dipped.\u00a0<\/p>\n About a dozen speakers asked the board to revert to annual appraisals, with some arguing that the state constitution mandates uniform appraisals and taxation. Some said the reappraisal plan fell short of the tax relief promised by board members, noting that several local taxing entities are considering tax rate increases to make up for lower-than-expected tax revenue.\u00a0<\/p>\n \u201cIf we as taxpayers are expected to pay taxes annually, it only seems correct that, as taxpayers, we also be afforded the accuracy of an annual reappraisal for the most accurate and fair valuation by which we are taxed,\u201d said Fort Worth resident John Adams, who is a candidate for TAD in the November elections<\/a>.\u00a0<\/p>\n