Ector County Property Tax Protest - Apartments
All apartment owners in Ector County have filed property tax protests in 2021. Ector County's apartment value grew from $379 M in 2014 to $635 M in 2021. Based on the information provided by the Ector Central Appraisal District, it has been estimated that, in 2021, the market value of the multifamily housing sector was $635 M, of which $651 M was protested by apartment owners. Combined informal and appraisal review board hearings resulted in a savings of $12.7 M in property taxes in Ector County in 2021. Judicial appeals saved $3 M.
How come apartments appeal at 100%, whereas homes only appeal at 3%?
Over the previous five year, Ector County apartment owners have achieved a value reduction of 67%. The owners of apartments protest 100% of their value. Houses are 3% of the tax roll and only a quarter protest. By utilizing the Property Tax Protection Program™, we will analyze the appraisal district's initial value and bring evidence to refute it so that your property value can be reduced.
EctorCAD Apartments Property Tax Summary
Market ValueMultifamily / Apartments | $635,333,947 |
Number Multifamily / Apartment Property Tax Protests | 113 |
$ Value Multifamily/Apartment Protested | $651,199,968 |
# Lawsuits Filed for Multifamily / Apartments on ARB Values | 11 |
ARB Value of All Lawsuits Filed for Multifamily | $176,512,613 |
$ Reduction Property Tax Lawsuits for Multifamily Current Year | $42,227,806 |