"The study requested by the City Council regarding commercial property values in the City is attached for your reference. The study indicates that commercial properties in the City are undervalued by about 27% and undeveloped commercial properties in the City are undervalued by about 76%.
I plan to urge the City Council to approve item 22 regarding a challenge of the appraisals of commercial property values in the City. This item is on the agenda for the City Council meeting tomorrow, Thursday, May 21, 2015. Please see the attached report today’s Austin American-Statesman."
Item 22: Approve a resolution directing the City Manager to file a challenge petition with the Appraisal Review Board relating to the level of appraisals of commercial property values in the City by the Travis Central Appraisal District pursuant to Chapter 41 of the Texas Tax Code.
Below are the email addresses for the City Council members:
You can download study here: