Hidalgo County Property Tax Trends documents that Hidalgo County Appraisal District has experienced substantial growth in market value. The number of tax parcels has risen only slightly. Large increases in assessed values have caused Hidalgo County residents to protest at well above the statewide average. Hidalgo is at 9% versus the statewide average of 10%. This site has details on number of tax protests, appraisal review board members, budget, number of appraiser total market value, total taxes levied, value by type of property, number of judicial appeals, number of appraisal district staff, appraisal district budget and much more.
The market value of Hidalgo County taxable property rose from $37 billion in 2014 to $47 billion in 2018. This is a 27% increase over 5 years; 5.4% per year. These large increases are part of the impetus for Senate Bill 2, which caps taxes for school at 2.5% and cities / counties at 3.5% per year for existing property, plus the value of new construction.
Property tax savings from protest hearings at Hidalgo County Appraisal District (HCAD) have remained flat at $42.3 million in 2012 versus $42.6 million in 2018. Commercial accounts were reduced $38.3 million in 2018 versus residential accounts for $4.4 million. There are more residential accounts protested but the commercial accounts receive virtually all the tax adjustments during appeals. The ratio of tax savings at the administrative hearings is10% single family and 90% commercial. This ratio is lower than typical for single-family.
The number of tax protests in Hidalgo Appraisal District increased by half; from 23,260 in 2014 to 31,270 in 2018. This is a 34% increase in protest in 6 years. It is a good start and we want to keep the momentum growing. Hidalgo County Appraisal District 2018 property tax protests include 11,660 residential and 19,610 commercial accounts. Residential accounts for 37% of the appeals but for 10.3% of the savings ($4.4million out of $42.6 million in 2018).
Judicial appeals in Hidalgo County have ranged from 32 to 139 during 2014 to 2018. There is no apparent trend to the judicial filings. Property tax savings in Hidalgo County due to judicial appeals have been low given the size of the county. Most appeals are resolved without trial. Judicial appeal tax reduction average $1 million per year from 2014 to 2018.
The Hidalgo County Appraisal District budget rose from $6.4 million in 2012 to $8.5 million in 2018, a 32.8% increase over 7 years. This average 4.7% annual increase in HCAD budget is lower than the average rate of increase in appraisal district budgets. None of the judicial appeals were for houses.
The Hidalgo County Appraisal Review Board ranged from 3 to 7 members during 2012 to 2018.
The number of appraisers has been risen gradually; from 41to 45 over 4 years during 2014 to 2018.
2020 property tax deadline is May 15th; deadlines to protest are not extended due to Covid-19.
Visit Hidalgo County Property Tax Trends to learn more.
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