PROPERTIES IN COMANCHE SEE INCREASES IN APPRAISED VALUES AGAIN

FOR IMMEDIATE RELEASE: 6-6-2018

 

Provided to De Leon Free Press & Comanche Chief

 

PROPERTIES  IN COMANCHE SEE INCREASES IN APPRAISED VALUES AGAIN

 

The recent notices mailed by the Comanche Central Appraisal District (CCAD) have created quite a stir, with lots of rumors circulating in the County about significant increases.  The largest increases have hit businesses according to Richard Petree, with Western Valuation and Consulting, LLC, who consults with the CCAD on appraisal issues.

“The appraisal district had been using a three-tiered commercial appraisal process which did a pretty good job on the lower cost buildings but failed to hit the market value on higher cost property such as banks, offices, retail, restaurants, and manufacturing buildings, explained Petree.  For 2018, we have put into place a system that is the standard for mass appraisal throughout the nation which accurately estimates the cost of replacing a structure.  It is the same cost system that architects and contractors use so we are confident that it will produce reasonable and accurate values.”

The appraisal district failed to hit the required mark on commercial property as well as residential property in the Texas Comptroller’s 2017 Property Value Study and the result is a loss of state funds for three local schools.

Chief Appraiser Jo Ann Hohertz said, “We moved the values significantly upward in the last few years, but the Texas market continues to rise rapidly, and we were still behind what the state determined to be market value.   It is not something we wanted to do, but we have to get in compliance with state law and the Comptroller’s audit so that the schools get full TEA funding. It is painful for all of us, but it had to be done.”

          Citizens are encouraged to bring in closing statements of recently acquired property estimates of repair costs, pictures of interior damage, or other evidence that would impact sales prices before the protest deadline on June 22nd.

Homeowners who had a homestead exemption on their home in 2017 are limited to a maximum of 10% increase on their value annually.  There is an example of how this calculation occurs on our website www.comanchecad.org or at our office.  Also, persons who are over 65 years of age or disabled persons have a capped school tax the year after they turn 65 or become disabled which keeps the school tax from rising.

“If any taxpayer has a question or concern about their value and feels that their property  would not sell for the estimated value, we want them to come in and talk to us, said Chief Hohertz.  The staff will listen and make appropriate adjustments when facts are presented.”

Petree, who works in about twenty appraisal districts across Texas said, “It is better to discuss the values with staff before getting upset.  Sometimes there are errors that can be easily corrected.  The appraisal district has to appraise property using mass appraisal standards and what is visible from the outside may not reflect what is on the inside.”

CLICK HERE TO PROCEED TO THE ONLINE PROTEST SYSTEM.

Contact Information
325-356-5253325-356-1363info@comanchecad.org
Lobby: Mon - Fri 8:00 am - 4:30
Business: Mon - Fri 8:00 a.m. - 5:00 p.m.
Comanche CAD Holidays
  • January 1, 2018 – New Year’s Day
  • January 15, 2018 – Martin Luther King Day
  • February 19, 2018 – President’s Day
  • March 30, 2018 – Good Friday
  • May 25 & 28, 2018 – Memorial Day
  • July 4, 2018 – Independence Day
  • September 3, 2018 – Labor Day
  • October 8, 2018 – Columbus Day
  • November 12, 2018 – Veterans Day
  • November 22-23, 2018 – Thanksgiving
  • December 24-25, 018 – Christmas