Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County appraisal office seeks contracted TREP data to strengthen income-property valuations
Summary
Montgomery County Chief Appraiser Clay Henley asked the commission to approve a contract with TREP Incorporated to buy audited income-and-expense data the appraisal office says will strengthen valuations of income-producing properties during appeals.
Montgomery County Chief Appraiser Clay Henley asked the county commission to approve a contract with TREP Incorporated to obtain audited income-and-expense data used to value income-producing properties such as apartments, self-storage facilities and some offices. Henley said the vendor’s data would help the appraiser’s office substantiate valuations during appeals.
Henley told the commission that TREP’s data are compiled from commercial mortgage-backed security reporting and audited financial statements, information the county has difficulty collecting locally. "We are here to request…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
