Lubbock County Property Tax Protest - Apartments
Lubbock County apartment owners filed protests for 11% of Lubbock County apartments by value in 2021. The total market value grew to $2 B for Lubbock County multifamily properties and of this, $239 M was protested in 2021. All Lubbock County property tax savings in 2021, amounted to $11 M including informal and appraisal review board hearings. Judicial appeals provided an additional $1 M in savings to Lubbock County property owners.
11% of multifamily owners appealing compared to 16% of residential owners
Lubbock County records 11% of apartment owners by value filing protest for 2021. Typically, there are greater numbers of commercial property owners protesting the value assessed because they understand the impact a lower tax bill will have on their overall expenses and return on their investment. Even if your property value is low, you can even the gain this same benefit by partnering with us as your professional tax consultant. Join our Property Tax Protection Program™ and let us assist you with your property tax needs. Our goal is to review your appraisal district's initial value and see how we can reduce taxes, which is usually effective 65-75% of the time.
LubbockCAD Apartments Property Tax Summary
Market ValueMultifamily / Apartments | $2,122,455,125 |
Number Multifamily / Apartment Property Tax Protests | 1,719 |
$ Value Multifamily/Apartment Protested | $239,044,623 |
# Lawsuits Filed for Multifamily / Apartments on ARB Values | 29 |
ARB Value of All Lawsuits Filed for Multifamily | $584,807,626 |
$ Reduction Property Tax Lawsuits for Multifamily Current Year | $55,321,139 |