McLennan County Property Tax Protest - Apartments
The owners of 99% of McLennan County apartments have protested their property taxes. According to McLennan County, the total market value of McLennan County apartment units climbed from $767 M in 2014 to $1.71 B in 2021. The McLennan Central Appraisal District reported a total of $1.71 B for multifamily market value in 2021, while $1.68 B was protested. Property taxes on 99% of apartments have been protested by the owners. This does not include all judicial appeals, which resulted in McLennan County property owners saving another $166 M as a result of judicial appeals.
Do you know why 99% of apartment owners appeal compared to only 14% of homeowners?
In the past five years, apartment owners have witnessed their property values rise by 123%. Almost 99% of all apartment values are protested by apartment owners, whereas less than a quarter of house values are protested by house owners. What's fair about that? O'Connor's representation equalizes the playing field. Our Property Tax Protection Program™ is free. We charge no flat fee. We do not charge upfront costs or market-cut fees. We do not charge any fees unless your property taxes are reduced. In 50 to 80% of the protests we receive, the initial appraisal district value is refuted or reduced, and your property taxes are reduced.
McLennanCAD Apartments Property Tax Summary
Market ValueMultifamily / Apartments | $1,710,913,217 |
Number Multifamily / Apartment Property Tax Protests | 1,384 |
$ Value Multifamily/Apartment Protested | $1,689,171,951 |
# Lawsuits Filed for Multifamily / Apartments on ARB Values | 26 |
ARB Value of All Lawsuits Filed for Multifamily | $503,131,499 |
$ Reduction Property Tax Lawsuits for Multifamily Current Year | $25,796,767 |