“Rep. Michael Villarreal (D- San Antonio) has
introduced HB133 to require full disclosure for any sale of real estate. The
idea is that this will create greater transparency in the market and better
equip County Appraisal Boards to accurately appraise property values.
”
Hooray. As long as Texas is going to put a large tax burden on real estate, it is imperative that government use accurate property appraisals when calculating tax bills. Recent sales prices of comparable houses is the best aid in doing this. Without that, the whole system is a crapshoot.
Homeowners should have demanded this long ago. This gives homeowners the data they need to challenge inaccurate assessments. Anyone who feels that their last property appraisal was too high, maybe even a deliberate move by government to jack up their property taxes, should welcome this bill.
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