Texas BOMA is deeply concerned about the uncertain and unfair tax appraisal processes in Texas.
In 2014 we launched a public relations campaign to counteract negative messaging that targeted commercial real estate as not paying its fair share in property taxes. The goal of our Taxed Out of Town campaign was to bring focus to the inequities in the current property appraisal system, inform the public and elected officials that commercial real estate does pay its fair share, and to demand a uniform and equal appraisal process as guaranteed by the Texas Constitution.
While we made great strides during the last legislative session, there is more work to be done and we need your help. With State Senator Paul Bettencourt leading the charge with the Committee on Tax Reform and Relief, and Lieutenant Governor Patrick solidly supporting tax reform efforts, Texas is uniquely positioned for positive change as we begin the 2017 Legislative Session.
With our research showing property valuations in Houston up 75 percent over five years, the commercial real estate industry needs to be positioned to assist our elected leaders advance legislation to reform the appraisal process and create a level playing field for all. Your contribution is crucial to our success. Texas BOMA urges members, owners and all commercial real estate professionals state-wide to get involved and donate at a high level today.