Jefferson County Property Tax Protest - Apartments
Jefferson Central Appraisal District apartment complex taxpayers appealed 95% of their property tax appeals by value, which fell from $539 B in 2014 to $1.08 B in 2021. The total market value amount protested by condominium owners was $1.08 B. A total of $43.17 B was saved for all property types, including informal hearings and appraisal review board hearings, and another $11.6 B was saved by judicial appeals.
Are apartment owners more likely to protest than residential owners?
During the last five years, apartments have seen a significant increase of over 100% in property value. Multifamily building owners appealed 95% of their value, compared to residential owners who appealed 11% of tax roll and only a quarter appealed. To ensure that you receive a proper tax reduction, we invite you to join our Property Tax Protection Program™. The program guarantees you will not be charged anything until the property taxes are lowered.
JCAD Apartments Property Tax Summary
Market ValueMultifamily / Apartments | $1,087,842,825 |
Number Multifamily / Apartment Property Tax Protests | 536 |
$ Value Multifamily/Apartment Protested | $1,037,813,796 |
# Lawsuits Filed for Multifamily / Apartments on ARB Values | 57 |
ARB Value of All Lawsuits Filed for Multifamily | $628,874,584 |
$ Reduction Property Tax Lawsuits for Multifamily Current Year | $14,558,880 |