Hidalgo County Property Tax Protest - Apartments
Hidalgo County apartment owners filed property tax protests for 62% of all Hidalgo County apartments by value. In Hidalgo County, the overall value of apartments increased from $1 billion in 2014 to $2 billion in 2022. Hidalgo County reported a total of $2 billion for multifamily market value and $1 billion protested in 2022. In 2022, Hidalgo County property tax savings of $5 million were for all kinds of property, including the Appraisal Review Board (ARB) formal and informal hearings. Judicial appeals are not included in this. Property owners in Hidalgo County avoided paying an additional $17 million in court appeals.
Why Do 62% Apartment Owners versus 16.67% Homeowners Appeal? Over the last five years, apartment owners have experienced a 5% growth in the value of their buildings. 62% of an apartment's worth is protested by the owner. Houses make up 16.67% of the tax roll, while just 25% of people protest. Get professional representation from O'Connor to reduce your property taxes successfully. Unless we lower your property taxes that year, there are never any up-front expenses or fees. Join the Property Tax Protection Program™, and in around 66 to 76% of cases, we will evaluate the assessment district's original value and lower it.
HidalgoCAD Apartments Property Tax Summary
Market ValueMultifamily / Apartments | $2,811,155,434 |
Number Multifamily / Apartment Property Tax Protests | 3,520 |
$ Value Multifamily/Apartment Protested | $1,735,522,249 |
# Lawsuits Filed for Multifamily / Apartments on ARB Values | 3 |
ARB Value of All Lawsuits Filed for Multifamily | $14,190,229 |
$ Reduction Property Tax Lawsuits for Multifamily Current Year | $0 |