City Council presented a united front yesterday and voted unanimously to file a petition challenging the Travis Central Appraisal District’s valuation of commercial properties this year.
On May 19, the city released a report that showed undervaluation of commercial properties by an average of 47 percent from 2012 to 2014. Many reason that this disparity has led to residential taxpayers shouldering a disproportionate amount of the tax burden.
Austin residents showed up to support the challenge, which they hope will pave the way toward increased affordability and more equitable property tax bills. But nearby taxing entities urged caution, asking Council to consider the ripple effect the move could have.
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