Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Zactax tells The Colony council appraisal methods, exemptions drove residential tax increases
Summary
A Zactax representative told The Colony council that differences in appraisal methods, exemptions and cap loss have shifted a larger share of property-tax burden onto residential homeowners since 2018, even when a city adopts a no-new-revenue tax rate.
Zactax presented an analysis of The Colony’s property-tax data from 2018–2024 and told the council the structure of appraisal methods and exemptions—not local tax-rate hikes—largely explains why many homeowners see bigger bills.
“This will be the nerdiest presentation you probably will see all year,” the Zactax representative said as he began the briefing. He said his firm examined appraisals, collections and changes in value and found that while citywide collections rose modestly, residential appraisals and organic appreciation in existing homes outpaced commercial appraisal growth. He described a roughly 20% gap between the total appraised value and…
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
